New Jersey Statutes
§ 17:44B-24 — Standards of valuation for certificates
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
24.
a.Standards of valuation for certificates issued prior to one year after the effective date of this act shall be those provided by the laws applicable immediately prior to the effective date of this act.
b.The minimum standards of valuation for certificates issued on or after one year after the effective date of this act shall be the same as those for life and health insurers specified in N.J.S.17B:19-5 and N.J.S.17B:19-8. L.1997,c.322,s.24.
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Nearby Sections
15
§ 17:44B-10
Formation of domestic society§ 17:44B-11
Amendment of laws of domestic society§ 17:44B-12
Establishment of not-for-profit institutions§ 17:44B-13
Reinsurance agreement to cede risks§ 17:44B-14
Consolidation, merger§ 17:44B-15
Conversion to domestic mutual insurer§ 17:44B-16
Provision of contractual benefits§ 17:44B-17
Right to change beneficiary§ 17:44B-2
Fraternal benefit society§ 17:44B-20
Investment of funds of society§ 17:44B-21
Holding, investment, disbursement of assets§ 17:44B-22
Societies governed by act