2016 New Jersey Revised Statutes
Title 17b - Insurance
Section 17B:25-30 - Benefits Allowance For Lapse Of Time And Payments Beyond Schedule.
17B:25-30 Benefits allowance for lapse of time and payments beyond schedule.
10. Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
L.2005,c.194,s.10.
Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
