45:7-90 - Prohibitions for providers - New Jersey Statutes

45:7-90  Prohibitions for providers.

9.No person shall:

a.Advertise "discounts," "rebates" or other price reduction incentives:

(1)which are not actual reductions of the retail prices of a provider's current general price list; or

(2)which are based solely on a funeral insurance policy's premium rate tables.

b.In offering to provide preneed funeral arrangements or prepaid funeral agreements, use the word "trust" or "trust funded" in any name, advertisement or solicitation in a misleading manner.

c.Fund or finance preneed funeral arrangements or a prepaid funeral agreement through retail installment contracts, reverse mortgages or credit life insurance, or in any manner other than a funeral trust or funeral insurance policy.

d.Waive any provision of this act in any agreement in which a person pays money under, or in connection with, a prepaid funeral agreement.  Any agreement to waive any portion of this act shall render the agreement voidable by the purchaser.

L.1993, c.147, s.9; amended 2009, c.218, s.2.