New Jersey § 18a:66-120
Full text of New Jersey New Jersey Statutes § 18a:66-120, with citation guidance and answers to common questions.
§ 18a:66-120.
a. In the event the county superintendent of schools shall determine to purchase group
life insurance coverage for the noncontributory death benefits, premiums for the same
shall be paid from a special fund, hereby created, called the “group insurance premium
fund.” The county superintendent of schools shall estimate annually the amount of premiums
which will be required for such benefits for the ensuing fiscal year and shall certify
such amounts to the participating employers as due and owing from them. The participating employers shall pay over to the county superintendent of schools
the amount for premiums so certified and the county superintendent of schools shall
deposit these amounts in the group insurance premium fund. b. In the event that the county superintendent of schools shall determine to purchase
group coverage for the contributory death benefits, premiums for same shall be paid
from a special fund hereby created called the “contributory group insurance premium
fund.” While such group coverage shall be in force, the contributions from the compensation
of members or on behalf of members to provide such contributory death benefits shall
be accumulated in said contributory group insurance premium fund. c. Any dividend or retrospective rate credit allowed by an insurance company shall
be accredited to the aforesaid funds in an equitable manner. During the period such group insurance policy or policies are in effect, there shall
be no commingling of the moneys in said funds with any other fund established pursuant
to this article.
Frequently Asked Questions About New Jersey § 18a:66-120
What does New Jersey Statutes § 18a:66-120 cover?
Section 18a:66-120 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:66-120?
A common citation format is "New Jersey Statutes § 18a:66-120" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:66-120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.