17B:28-12. Annuities
60 words·~1 min read·
/nj/title-17b/chapter-28/17b-28-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any insurer which establishes one or more variable contract accounts and issues variable annuity contracts may in its discretion, but need not, require in any case the purchase of annuities which provide for benefits of predetermined dollar amount in specified proportions in combination with the purchase of annuities providing for benefits of variable dollar amount.
L.1971, c. 144, s. 17B:28-12.