This subchapter shall become operative January 1, 2000, except that insurers meeting the requirements of 11:4-32.1(c)6 and obtaining the approval of the Commissioner to calculate reserves for policies issued prior to January 1, 2000 using the methods and assumptions described in this subchapter may elect an operative date of December 31, 1999 for reporting purposes.
N.J. Admin. Code § 11:4-32.6