N.J. Admin. Code § 11:4-48.7

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

Section 11:4-48.7 - Forgiveness of surrender charge

A policy shall not provide credits for a surrender charge imposed under another contract for the reason that such credits unfairly discriminate among contractholders based on the source of funding.

Recodified from N.J.A.C. 11:4-48.9 by R.2000 d.130, effective 3/20/2000.
See: 31 New Jersey Register 3910(a), 32 New Jersey Register 1024(a).
Former N.J.A.C. 11:4-48.8, Policy benefits determined by ownership, recodified to N.J.A.C 11:4-48.7.
Recodified from N.J.A.C. 11:4-48.8 by R.2003 d.54, effective 2/3/2003.
See: 34 New Jersey Register 3194(a), 35 New Jersey Register 618(a).
Former N.J.A.C. 11:4-48.7, Policy benefits determined by ownership, recodified to N.J.A.C. 11:4-48.6.