N.J. Stat. § 52:18A-114
Investment of assets of variable and fixed divisions
New Jersey · New Jersey Statutes Title 52 — State Government, Departments and Officers · Status: effective
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- Citation
- N.J. Stat. § 52:18A-114, Investment of assets of variable and fixed divisions, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1479313
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Full text
The assets of the Variable Division and the Fixed Division may be invested through the same agency as other State funds are invested; provided, however, that the council is hereby authorized to use other funding media, including group annuity contracts containing such provisions as the council determines to comply substantially with the applicable statutory requirements, which are made available by life insurance companies authorized to issue such contracts in this State and having assets in excess of $1,000,000,000.00.