N.J. Admin. Code § 11:4-22.5

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:4-22.5 - Use of gender blended mortality tables in the non-Norris market

(a) The preceding rules in this subchapter are intended to address use of gender blended mortality tables as a minimum standard for cash surrender values and paid-up nonforfeiture benefits in the Norris market.

(b) The use of gender blended mortality tables as the basis for cash surrender values and paid-up nonforfeiture benefits in the non-Norris market will be permitted only upon receipt of an actuarial demonstration that the resultant cash values are at least equal to the statutory minimum using the maximum interest rate, maximum initial expense allowance and gender district table specified at 17B:25-19.

N.J. Admin. Code § 11:4-22.5

New Rule, R.1996 d.148, effective 3/18/1996.
See: 27 New Jersey Register 3717(a), 28 New Jersey Register 1545(a).