Current through Register Vol. 54, No. 7, April 4, 2022
(a) The purpose of
this subchapter is to implement the Life and Health Insurance and Health
Maintenance Organization Form Approval Reform Act, P.L. 1995, c.73, by setting
forth the Department's standards for approval of life insurance and annuity
contracts issued on a variable basis.
This subchapter shall apply to all life
insurance and annuities contracts on a variable basis and any certificate
evidencing variable benefits pursuant to such contracts, which are issued
et seq. and delivered or
issued for delivery in this State. This subchapter shall not apply to variable
life insurance and annuities forms approved by the Interstate Insurance Product
Regulation Commission created pursuant to the Interstate Insurance Product
Regulation Compact established by
2010, c. 120
N.J. Admin. Code §
Amended by R.2011 d.265,
See: 43 N.J.R. 819(a), 43 N.J.R. 3026(a).
inserted the last sentence.