N.J.S.A. 45:7-88 — Naming of provider as beneficiary prohibited

45:7-88. Naming of provider as beneficiary prohibited 7. No provider shall knowingly permit, in conjunction with a prepaid funeral agreement, the naming of himself or itself as beneficiary of a policy, except that nothing in this section shall be construed to prohibit the assignment of proceeds to a provider as payment for a funeral bill, or such other mechanism that provides payments to providers for the goods or services rendered, and that provides for any excess proceeds to be paid to a named beneficiary or beneficiaries. L.1993,c.147,s.7.

This is the verbatim text of N.J.S.A. 45:7-88, 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.