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489 sections in this chapter.
N.J.A.C. 11:4-32.4 § 11:4-32.4 - Calculation of minimum valuation standard for policies with guaranteed non-level gross premiums or guaranteed non-level benefits (other than universal life policies)
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(a) Basic reserves shall be calculated as the greater of the segmented reserves and the unitary reserves. Both the segmented reserves and the unitary reserves for any policy shall use the same valuation mortality table and selection factors. At the option of the insurer, in calcu…
N.J.A.C. 11:4-32.5 § 11:4-32.5 - Calculation of minimum valuation standard for flexible premium and fixed premium universal life insurance policies that contain provisions resulting in the ability of a policyowner to keep a policy in force over a secondary guarantee period
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(a) Policies with a secondary guarantee include: 1. A policy with a guarantee that the policy will remain in force at the original schedule of benefits, subject only to the payment of specified premiums; 2. A policy in which the minimum premium at any duration is less than the co…
N.J.A.C. 11:4-32.6 § 11:4-32.6 - Operative date
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This subchapter shall become operative January 1, 2000, except that insurers meeting the requirements of N.J.A.C. 11:4-32.1(c)6 and obtaining the approval of the Commissioner to calculate reserves for policies issued prior to January 1, 2000 using the methods and assumptions desc…