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New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES
Chapter 10: Power to insure
Section: 40A:10-26: Group life insurance plans
In addition to the insurance required pursuant to chapter 15 of Title 34 of the Revised Statutes, the governing body of a municipality, in which an incorporated volunteer first aid, emergency, rescue or ambulance squad renders services throughout the municipality whose members have or shall form themselves into a group or groups for the purpose of obtaining a group life insurance plan with any insurance company authorized to do business in New Jersey, may appropriate moneys to defray the cost of such insurance and pay the premiums therefor.
A municipality shall not undertake the cost of any policy of group life insurance where the amount payable upon the death of each assured exceeds the amount of $10,000.00.
L.1979, c. 230, s. 1, eff. Oct. 15, 1979.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:10-26 (if available):
Court decisions that cite this statute:
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