Maximum Reserve Valuation and Nonforfeiture Rates
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New Jersey Department of Banking and Insurance Bulletins › Maximum Reserve Valuation and Nonforfeiture Rates
Text
Bulletin 01-12
Bulletin No. 01-12
To: All Domestic Life Insurance Companies and Charitable Annuity Societies
From: Karen L. Suter, Commissioner
Subject: Maximum Reserve Valuation and Nonforfeiture Rates
In accordance with
N.J.S.A.
17B:19-8 and
N.J.S.A.
17B:25-19, the attached table shows the rates of interest to be used for determining minimum valuation standards and nonforfeiture values applicable to life insurance policies issued in 1982 through 2002 and the annuity contracts issued or undergoing a change in fund in 1981 through 2001. With respect to benefits which are subject to the provisions of
N.J.S.A.
17B:25-19, the rates shown are applicable for those benefits under life insurance policies issued in a particular calendar year on or after the operative date provided for at
N.J.S.A.
17B:25-19.h(xi).
Requests for additional copies of the table should be directed to:
Nancy Hritz
Chief, Valuation Bureau
Life and Health Division
Department of Banking and Insurance
PO Box 325
Trenton, New Jersey 08625-0325
Phone: (609) 292-5427 ext. 50319
Fax: (609) 633-0527
E-Mail:
nancy.hritz@dobi.state.nj.us
The bulletin can also be found at the Department's web site:
blt01_12a.pdf
.
8/16/01 /s/ Karen L. Suter, Commissioner
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.