N.J. Admin. Code § 11:4-46.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-46.1 - Purpose and scope

(a) The purpose of this subchapter is to implement P.L. 1995, c.73 (the Life and Health Insurance and Health Maintenance Organization Form Approval Reform Act) by setting forth the terms and conditions under which life insurance companies may issue synthetic guaranteed investment contracts, the essential operational features of the segregated portfolio of assets required to issue such contracts and the reserve requirements for such contracts.

(b) This subchapter shall apply to all synthetic guaranteed investment contract forms delivered or issued for delivery in the State.