52:18A-114 - Investment of assets of variable and fixed divisions - New Jersey Statutes

52:18A-114.  Investment of assets of variable and fixed divisions
    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.

     L.1963, c. 123, s. 8.