N.J. Admin. Code § 11:4-40A.1

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

Section 11:4-40A.1 - Purpose and scope

(a) The purpose of this subchapter is to implement P.L. 2001, c. 237 (N.J.S.A. 17B:25-18.4), which establishes a special procedure whereby insurers may forego prior approval of certain life insurance, annuity and variable contract forms.

(b) This subchapter shall apply to all individual life insurance, individual annuity, group annuity, group life, variable life and variable annuity contract forms to be issued by an insurer authorized to do business in this State. This subchapter shall not apply to any health insurance policy, or contract forms or benefits, including specified disease or critical illness policies, contracts or benefits. This subchapter shall not apply to individual and group annuity or life insurance forms approved by the Interstate Insurance Product Regulation Commission created pursuant to the Interstate Insurance Product Regulation Compact established by P.L. 2010, c. 120.

Amended by R.2011 d.265, effective 11/7/2011.
See: 43 N.J.R. 819(a), 43 N.J.R. 3026(a).
In (b), inserted the last sentence.