There is a newer version
of
this Section
2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:25-25 - Paid-up annuity benefit.
Universal Citation: NJ Rev Stat § 17B:25-25 (2017)
17B:25-25 Paid-up annuity benefit.
5. Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Present value shall be computed using the mortality table, if any, and the interest rates specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
L.2005,c.194,s.5.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
