L&HNJhard
A NJ-domiciled life insurer's filed policy form references both N.J.S.A. 17B:25 and the NJ Replacement Regulation. Which N.J.A.C. citation should appear for the replacement framework?
AN.J.A.C. 11:4-23
BN.J.A.C. 11:17
N.J.A.C. 11:4-2
DN.J.A.C. 11:24A
Why this is the answer
The New Jersey Replacement Regulation governing life insurance and annuities is codified at N.J.A.C. 11:4-2. NJ-domiciled insurers cross-reference this regulation alongside the statutory framework in 17B:25 when replacement is involved.
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