N.J. Admin. Code § 11:4-25.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:4-25.1 - Purpose; scope

(a) The purpose of this subchapter is to establish rules for the filing and review of funeral insurance policies pursuant to 17B:17-5.1.

(b) This subchapter shall apply to all life insurance policy or annuity contract forms delivered or issued for delivery, marketed, used or designated as intended for use, as funeral insurance policies after the operative date hereof.

(c) Any insurance policy or annuity contract used as a funeral insurance policy in this State on or after December 21, 1993, whether issued within this State or outside of this State, whether on a group or individual basis, and any certificates, policies, contracts, applications, forms and related material, shall be subject to all the laws and regulations of this State and the terms and conditions of the Department of Banking and Insurance, as though issued in this State, and shall at the time of submission and filing be designated as being intended for use as a funeral insurance policy.

N.J. Admin. Code § 11:4-25.1

Amended by R.2001 d.7, effective 1/2/2001.
See: 32 New Jersey Register 3546(a), 33 New Jersey Register 101(a).