Section 17B:28-11 - Reserve liability

NJ Rev Stat § 17B:28-11 (2019) (N/A)
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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 of the benefits provided.

L.1971, c. 144, s. 17B:28-11.