New Jersey § 45:7-89 Written statement to purchaser of new arrangements

New Jersey Statutes

§ 45:7-89 — Written statement to purchaser of new arrangements

New Jersey § 45:7-89

Title 45PROFESSIONS AND OCCUPATIONS

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Bluebook

N.J. Stat. Ann. § 45:7-89 (2026).

Text

8.Where a provider, with the written consent of the purchaser, replaces a funeral trust used to fund a prepaid funeral agreement with a funeral insurance policy or converts an agreement funded by a funeral trust to one which is funded by a funeral insurance policy, the provider shall give to the purchaser a written statement which sets forth the material differences between the original and the new funding arrangements and which discloses the provider's earning of a commission based upon that transaction. L.1993,c.147,s.8.

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8. Where a provider, with the written consent of the purchaser, replaces a funeral trust used to fund a prepaid funeral agreement with a funeral insurance policy or converts an agreement funded by a funeral trust to one which is funded by a funeral insurance policy, the provider shall give to the purchaser a written statement which sets forth the material differences between the original and the new funding arrangements and which discloses the provider's earning of a commission based upon that transaction. L.1993,c.147,s.8.