New Jersey § 17:44B-16 Provision of contractual benefits

New Jersey Statutes

§ 17:44B-16 — Provision of contractual benefits

New Jersey § 17:44B-16

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:44B-16 (Provision of contractual benefits) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:44B-16 (2026).

Text

16. a. A society may provide the following contractual benefits in any form, except in the form of group insurance:

(1)death benefits;

(2)endowment benefits;

(3)annuity benefits;

(4)temporary or permanent disability benefits;

(5)hospital, medical or nursing benefits;

(6)monument or tombstone benefits to the memory of deceased members; and (7) other benefits as authorized for life and health insurers and which are not inconsistent with this act. b. A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection a. of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of minors under the minimum age for adult membership upon application of an adult pers

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16. a. A society may provide the following contractual benefits in any form, except in the form of group insurance: (1) death benefits; (2) endowment benefits; (3) annuity benefits; (4) temporary or permanent disability benefits; (5) hospital, medical or nursing benefits; (6) monument or tombstone benefits to the memory of deceased members; and (7) other benefits as authorized for life and health insurers and which are not inconsistent with this act. b. A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection a. of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of minors under the minimum age for adult membership upon application of an adult person. L.1997,c.322,s.16.