New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 40A - '40 STATES' FILE AND USE STANDARDS AND PROCEDURES
Section 11:4-40A.1 - Purpose and scope

Universal Citation: NJ Admin Code 11:4-40A.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The purpose of this subchapter is to implement P.L. 2001, c. 237 (17B:25-18.4) , which establishes a special procedure whereby insurers may forego prior approval of certain life insurance, annuity and variable contract forms.

(b) This subchapter shall apply to all individual life insurance, individual annuity, group annuity, group life, variable life and variable annuity contract forms to be issued by an insurer authorized to do business in this State. This subchapter shall not apply to any health insurance policy, or contract forms or benefits, including specified disease or critical illness policies, contracts or benefits. This subchapter shall not apply to individual and group annuity or life insurance forms approved by the Interstate Insurance Product Regulation Commission created pursuant to the Interstate Insurance Product Regulation Compact established by P.L. 2010, c. 120.

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