Bulletin No. 01-12

To: All Domestic Life Insurance Companies and Charitable Annuity Societies

From: Karen L. Suter, Commissioner

Subject: Maximum Reserve Valuation and Nonforfeiture Rates

In accordance with N.J.S.A. 17B:19-8 and N.J.S.A. 17B:25-19, the attached table shows the rates of interest to be used for determining minimum valuation standards and nonforfeiture values applicable to life insurance policies issued in 1982 through 2002 and the annuity contracts issued or undergoing a change in fund in 1981 through 2001. With respect to benefits which are subject to the provisions of N.J.S.A. 17B:25-19, the rates shown are applicable for those benefits under life insurance policies issued in a particular calendar year on or after the operative date provided for at N.J.S.A. 17B:25-19.h(xi).

Requests for additional copies of the table should be directed to:

Nancy Hritz
Chief, Valuation Bureau
Life and Health Division
Department of Banking and Insurance
PO Box 325
Trenton, New Jersey 08625-0325

Phone: (609) 292-5427 ext. 50319

Fax: (609) 633-0527

E-Mail: nancy.hritz@dobi.state.nj.us

The bulletin can also be found at the Department's web site: blt01_12a.pdf.

8/16/01 /s/ Karen L. Suter, Commissioner