Section: Acts done, rights acquired, etc., under repealed acts not affected by repeal
Statute: 17B:28-11
The reserve liability for contracts on a variable basis shall be established by the commissioner pursuant to the requirements of section 17B:19-8 (the Standard Valuation Law) in accordance with actuarial procedures that recognize the variable nature of the benefits provided.
L.1971, c. 144, s. 17B:28-11.
We hope you find our tools helpful, please visit www.thelegalassistant.com for further information on our other free legal tools and products including LPO compliant legal case management software.