™Your Policy Risk Impact Agent
30 chapters · 1,003 sections in this title.
N.J.S.A. 17B:28-1 Definition
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17B:28-1. Definition When used in this chapter, the following terms shall have the following respective meanings: a. "Separate account contract" means any contract issued by an insurer under which amount (including without limitation proceeds applied under optional modes of settl…
N.J.S.A. 17B:28-10 Valuation of assets
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17B:28-10. Valuation of assets Except as the commissioner may require or permit a different basis of valuation, the valuation of separate account assets for all purposes, including annual reports of the insurer to the commissioner, shall be determined in accordance with the marke…
N.J.S.A. 17B:28-11 Reserve liability
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17B:28-11. Reserve liability The reserve liability for contracts on a variable basis shall be established by the commissioner pursuant to the requirements of section 17B:19-8 (the Standard Valuation Law) in accordance with actuarial procedures that recognize the variable nature o…
N.J.S.A. 17B:28-12 Annuities
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17B:28-12. Annuities Any insurer which establishes one or more variable contract accounts and issues variable annuity contracts may in its discretion, but need not, require in any case the purchase of annuities which provide for benefits of predetermined dollar amount in specifie…
