46:30B-27 - Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary - New Jersey Statutes

46:30B-27.   Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary      46:30B-27.  Duty imposed upon company to pay proceeds of insurance or annuity to beneficiary.  Notwithstanding any other provision of law, if the company learns of the death of the insured or annuitant and the beneficiary has not communicated with the insurer within four months after the death, the company shall take reasonable steps to pay the proceeds to the beneficiary. Source: New.

    L.1989, c.58, s.1.