State Codes and Statutes
Statutes > New-jersey > Title-17b > Section-17b-28 > 17b-28-1117B:28-11. Reserve liability
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.
