NJ | The New Jersey Department of Banking and Insurance has issued Bulletin No. 24-13.
On July 10, 2024, P.L. 2024, c.34 was signed into law, amending the New Jersey Life and Health Guaranty Association Act, N.J.S.A. 17B:32A-1, et seq. (“Act”) to increase the coverage limit for net cash surrender and net cash withdrawal values for certain annuity policies and contracts under N.J.S.A. 17B:32A-3(e)(2)(b), effective immediately. Continue reading
