N.J. Admin. Code § 17:8-1.7

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:8-1.7 - Income Distribution Summary

(a) The Income Distribution Summary shall be the account to which the investment income and gains or losses of the Variable Division shall be credited or charged. Such gains or losses shall reflect appreciation and depreciation in the market value of investments.

(b) The net gain or loss not previously allocated to accounts terminated during the current quarter shall be distributed to the Variable Accumulation Account and the Variable Benefit Account on the basis of the equity units in force in each account at the end of each quarter.