N.J. Stat. § 18A:66-74
Authorization to purchase group life insurance
New Jersey · New Jersey Statutes Title 18A — Education · Status: effective
Cite this
- Citation
- N.J. Stat. § 18A:66-74, Authorization to purchase group life insurance, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1450127
- Permanent ID
ys:prov:1450127@1- SHA-256
93d20903bd8663e07823f1704fcd1c8a3ffd74b8b591fa952626d67f9febf48b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The State Treasurer is hereby authorized and permitted to purchase from one or more life insurance companies, as determined by him, a policy or policies of group life insurance to provide for the benefits specified in sections 18A:66-36, 18A:66-37, 18A:66-38, 18A:66-41, 18A:66-42, 18A:66-44 and 18A:66-46e. The Board of Trustees of the Teachers' Pension and Annuity Fund is hereby authorized and permitted to purchase from one or more life insurance companies, as determined by it, a policy or policies of group life insurance to provide for the benefits specified in section 18A:66-53. Such group life insurance coverage may be provided under one or more policies issued to the State Treasurer specifically for this purpose, or in the discretion of the State Treasurer, under one or more policies issued to the State Treasurer which provide group life insurance coverage for members of one or more other retirement systems of the State of New Jersey. Whenever such policy or policies of group insurance shall be in effect, the benefits payable thereunder shall be in lieu of the above mentioned death benefits provided by said sections.