Terms Used In New Jersey Statutes 26:16-14

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
14. a. A provision in a contract, will, insurance policy, annuity, or other agreement, whether written or oral, made on or after the effective date of P.L.2019, c.59 (C. 26:16-1 et al.), shall not be valid to the extent that the provision would condition or restrict a person‘s decision to make or rescind a request for medication pursuant to P.L.2019, c.59 (C. 26:16-1 et al.).

b. An obligation owing under a contract, will, insurance policy, annuity, or other agreement, made before the effective date of P.L.2019, c.59 (C. 26:16-1 et al.), shall not be affected by: the provisions of P.L.2019, c.59 (C. 26:16-1 et al.); a person’s making or rescinding a request for medication pursuant to P.L.2019, c.59 (C. 26:16-1 et al.); or any other action taken pursuant to P.L.2019, c.59 (C. 26:16-1 et al.).

c. On or after the effective date of P.L.2019, c.59 (C. 26:16-1 et al.), procurement or issuance of a life, health, or accident insurance policy or annuity, or the premium or rate charged for the policy or annuity, shall not be conditioned upon or otherwise take into account the making or rescinding of a request for medication pursuant to P.L.2019, c.59 (C. 26:16-1 et al.) by any person.

L.2019, c.59, s.14.

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