18:26-5.16 Proceeds under claim settlement certificates and supplementary contracts
Payments made under a claim settlement certificate or a supplementary contract are subject to the New Jersey Inheritance Tax, except when they represent a continuation of payments under an insurance policy on the life of a prior decedent, which life insurance policy provided for such payment at decedent insured specific directions.
Payments made under a claim settlement certificate or a supplementary contract are subject to the New Jersey Inheritance Tax, except when they represent a continuation of payments under an insurance policy on the life of a prior decedent, which life insurance policy provided for such payment at decedent insured specific directions.
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