N.J. Admin. Code § 11:4-61.1

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

Section 11:4-61.1 - Purpose and scope

(a) The purpose of this subchapter is to set forth the disclosure and filing requirements for retained asset accounts, and disclosure requirements for all settlement options related to life insurance policies issued in this State.

(b) This subchapter shall apply to all insurers authorized or admitted in this State pursuant to Title 17B of the New Jersey Statutes that require or offer as an option a retained asset account or other settlement options for the payment of death benefits on life insurance policies issued in this State.