2017 New Jersey Revised Statutes
Section 17B:19-7 - Abandonment of standard of valuation adopted

Universal Citation: NJ Rev Stat § 17B:19-7 (2017)

17B:19-7. Abandonment of standard of valuation adopted

Except in accordance with the provisions of section 17B:19-2, a life insurer shall not abandon the standard of valuation adopted for any outstanding policies if the reserve, calculated by the proposed standard, is less than the reserve calculated by the standard which is to be abandoned.

L.1971, c. 144, s. 17B:19-7.

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