Revises limits for net cash surrender and net cash withdrawal values for certain annuity policies and contracts from $100,000 to $250,000.
Relating to partial surrender of or withdrawals from annuity contracts, life insurance policies, and endowment contracts.
Relating to partial surrender of or withdrawals from annuity contracts, life insurance policies, and endowment contracts.
Updates "New Jersey Life and Health Insurance Guaranty Association Act" to current standards of National Association of Insurance Commissioners.
Updates "New Jersey Life and Health Insurance Guaranty Association Act" to current standards of National Association of Insurance Commissioners.
Annuities: cash surrender benefits.
Establishes requirements regarding processing of requests to surrender or annuitize matured annuities.
Provides relative to the Louisiana Life and Health Insurance Guaranty Association and structured settlement annuities. (8/1/14)
Insurance: annuities and life insurance policies.
Relating to disclosures and standards required for certain annuity transactions and benefits under certain annuity contracts.