N.J.S.A 17B:17-31 Inapplicability of act.

17B:17-31 Inapplicability of act.

6. This act shall not apply to:

a. any account or policy issued to a group master policyholder in which the insurer does not maintain records on its administrative systems containing the information necessary to comply with the requirements of this act;

b. any account, policy, or certificate that provides a death benefit under an employee benefits, government or church plan subject to or as defined under the Employee Retirement Income Security Act of 1974 (29 U.S.C. S.1002) or any other federal employee benefit program;

C. any policy or certificate of life insurance that is used to fund a preneed funeral contract or prearrangement;

d. any policy or certificate of credit life or accidental death insurance; or

e. any other circumstance as determined to be appropriate by the commissioner.

L.2017, C. 236, S.6.

Case(s):

Look up case for New Jersey Statute 17B:17-31 Inapplicability of act.

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 17B:17-31 Inapplicability of act.

Previous: 17B:17-30 Procedures to confirm death, location, notification of beneficiaries. Next: 17B:18-1. Scope of chapter

Disclaimer: Always check for the most up to date language of a statute. Every time a new law is enacted it has a possibility of changing the wording of a statute or override case law. These pages were created to assist in looking up and migrating between statutes easily. No accuracy is guaranteed. If you need help with researching law, contact an attorney.

Related Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.