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- New Jersey Permanent Statutes
- 2023 Edition
- Title 17b. Insurance
- Chapter 17b:24. Insurable Interests
N.J.S. § 17B:24-10 Policy Settlements
| Library | New Jersey Permanent Statutes |
| Edition | 2023 |
| Currency | Current through L. 2023, c. 118. |
Any life insurer shall have the power to hold under agreement the proceeds of any policy issued by it, upon such terms and restrictions as to revocation by the policyholder and control by beneficiaries, and with such exemptions from the claims of creditors of beneficiaries other than the policyholder as set forth in the policy or as agreed to in writing by the insurer and the policyholder. Upon maturity of a policy, in the e...
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