New Jersey § 18a:66-123
Full text of New Jersey New Jersey Statutes § 18a:66-123, with citation guidance and answers to common questions.
§ 18a:66-123.
Any such group policy or policies shall provide that payment of any death benefits
which are payable by the insurance company may be made in one sum directly to the
beneficiary as hereinafter provided, in equal installments over a period of years
or as a life annuity or in such other manner as may be made available by the insurance
company. A member may make such arrangements for settlement, and may alter from time to time
during his lifetime any arrangement previously made, by making written request to
the insurance company through the policyholder. Upon the death of a member, a beneficiary to whom a benefit is payable in one sum
by the insurance company may likewise arrange for a settlement as described above. Any arrangement for payment under a group policy to a beneficiary shall be in lieu
of that provided by the sections of this article establishing the benefits covered
under such policy.
Frequently Asked Questions About New Jersey § 18a:66-123
What does New Jersey Statutes § 18a:66-123 cover?
Section 18a:66-123 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:66-123?
A common citation format is "New Jersey Statutes § 18a:66-123" (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:66-123 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.