State statute · New Jersey

Life Insurance Policies and Annuity Contracts, Standard Policy Provisions, Nonforfeiture and Valuation, N.J.S.A. 17B:25-1 through 17B:25-42

Publisher: pub.njleg.gov
Edition: New Jersey General and Permanent Statutes, UPDATED THROUGH P.L.2025, c.405, and J.R.22
Last checked: 2026-09-02
Status: NJ statutes, public domain

Edition and licensing notes

Edition. New Jersey General and Permanent Statutes, UPDATED THROUGH P.L.2025, c.405, and J.R.22 (edition line printed on line 2 of the official STATUTES.TXT file; file Last-Modified 2026-09-02)

Status. NJ statutes, public domain (state government edict).

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What this document is

Life Insurance Policies and Annuity Contracts, Standard Policy Provisions, Nonforfeiture and Valuation, N.J.S.A. 17B:25-1 through 17B:25-42 is a state statute published by pub.njleg.gov. It is one of the New Jersey documents that insurance license exam questions are written from, including new jersey life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

N.J.S.A. tit. 17B § 25-3 (Grace period)
“There shall be a provision that a grace period of 30 days, or, at the option of the insurer, of 1 month of not less than 30 days, or of 4 weeks in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly, shall be allowed within which the...”
N.J.S.A. tit. 17B § 25-16 (Excluded or restricted coverage)
“A clause in any policy of life insurance providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy, and shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict...”
N.J.S.A. tit. 17B § 25-6 (Misstatement of age)
“There shall be a provision that if the age of the insured or of any other person whose age is considered in determining the premium or benefit has been misstated, any amount payable or benefit accruing under the policy shall be such as the premium would have purchased at the correct age or ages.”
N.J.S.A. tit. 17B § 25-9 (Reinstatement)
“There shall be a provision that unless: a. the policy has been surrendered for its cash surrender value, or b. its cash surrender value has been exhausted, or c. the paid-up term insurance, if any, has expired, the policy will be reinstated at any time within 3 years (or 2 years in the case of...”
N.J.S.A. tit. 17B § 25-11 (Payment of claims)
“There shall be a provision that when benefits under the policy shall become payable by reason of the death of the insured, settlement shall be made within 60 days after receipt of due proof of death and, at the insurer's option, surrender of the policy or proof of the interest of the claimant or both.”
N.J.S.A. 17B:25-37(d)(1) (Life Insurance Policies and Annuity Contracts, N.J.S.A. 17B:25-1 through 17B:25-42)
“An insurance producer, non-licensed society agent, representative or member, or an insurer, if no producer or non-licensed society agent, representative or member is involved, shall provide a consumer who applies for an annuity a copy of the buyer's guide and an annuity contract disclosure...”
N.J.S.A. 17B:25-15 (Life Insurance Policies and Annuity Contracts, N.J.S.A. 17B:25-1 through 17B:25-42)
“No policy of life insurance shall be delivered or issued for delivery in this State which limits the time within which any action may be commenced to less than 5 years after the cause of action accrues.”
N.J.S.A. 17B:25-2.1 (Life Insurance Policies and Annuity Contracts, N.J.S.A. 17B:25-1 through 17B:25-42)
“No policy of life insurance, other than group insurance, shall be delivered or issued for delivery in this State unless such policy contains in substance a provision or has attached to it a notice stating that during a period of no less than 10 days after the date the policyholder receives the...”

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New Jersey Life & Health practice test

Questions about this source

Life Insurance Policies and Annuity Contracts, Standard Policy Provisions, Nonforfeiture and Valuation, N.J.S.A. 17B:25-1 through 17B:25-42 is a state statute published by pub.njleg.gov. Edition: New Jersey General and Permanent Statutes, UPDATED THROUGH P.L.2025, c.405, and J.R.22 (edition line printed on line 2 of the official STATUTES.TXT file; file Last-Modified 2026-09-02).

No. This page summarizes the document and links to the official version. Always rely on the text published by pub.njleg.gov for the current law.

Practice questions for New Jersey Life & Health cite this document.

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