S2948 — Establishes requirements regarding processing of requests to surrender or annuitize matured annuities.

S2948 — Establishes requirements regarding processing of requests to surrender or annuitize matured annuities. · Informed CitizenryThis bill amends New Jersey law to establish requirements for how insurers process requests to surrender or annuitize (convert into income payments) annuities. The bill requires that, except for sp…Open in Informed Citizenry