17B:28-11. Reserve liability
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/nj/title-17b/chapter-28/17b-28-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The reserve liability for contracts on a variable basis shall be established by the commissioner pursuant to the requirements of section 17B:19-8 (the Standard Valuation Law) in accordance with actuarial procedures that recognize the variable nature of the benefits provided.
L.1971, c. 144, s. 17B:28-11.