N.J. Admin. Code § 11:28-1.21

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:28-1.21 - Reserves required by law for reinsuring life insurance policies or annuities

(a) A captive insurance company shall maintain reserves that are actuarially sufficient to support the liabilities incurred by the captive insurance company reinsuring life insurance policies.

(b) A captive insurance company that issues annuity contracts shall maintain reserves that are actuarially sufficient to support the liabilities provided by the contracts.