N.J. Admin. Code § 17:1-5.2
Current through Register Vol. 56, No. 21, November 4, 2024
Death benefits under the group life insurance contracts may be paid under any optional settlement made available by the insurance company. The beneficiary will be informed of such opportunity when such optional settlements are possible. If the beneficiary requests advice concerning such settlements, the claim shall be forwarded to the carrier for contact with the beneficiary. The Division will be advised of the final settlement for the recording of the data with the retirement system.
N.J. Admin. Code § 17:1-5.2