N.J.S.A. 2C:35B-7

No third party damage payments; assignment of cause of action restricted

2C:35B-7. No third party damage payments; assignment of cause of action restricted 7. a. A third party shall not pay damages awarded under this act, or provide a defense or money for a defense, on behalf of an insured under a contract of insurance or indemnification. b. A cause of action authorized pursuant to this act may not be assigned, either expressly, by subrogation, or by any other means, directly or indirectly, to any public or publicly funded agency or institution. L.2001, c.114, s.7.

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This is the verbatim text of N.J.S.A. 2C:35B-7, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 2C:35B-7 — No third party damage payments; assignment of cause of action restricted | Kyzer