New Jersey Statutes
§ 17B:28-11 — Reserve liability
New Jersey·Title 17B INSURANCE
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.
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Nearby Sections
15
§ 17B:28-1
Definition§ 17B:28-10
Valuation of assets§ 17B:28-11
Reserve liability§ 17B:28-12
Annuities§ 17B:28-2
Qualification of insurer§ 17B:28-3
Certificate to sell§ 17B:28-4
Required statements; procedure§ 17B:28-5
Form of contract§ 17B:28-6
Administration§ 17B:28-8
Amounts placed in account; liabilities