---
type: "Bill"
title: "Revises limits for net cash surrender and net cash withdrawal values for certain annuity policies and contracts from $100,000 to $250,000."
description: "Revises limits for net cash surrender and net cash withdrawal values for certain annuity policies and contracts from $100,000 to $250,000."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "221"
identifier: "S 3371"
citation: "New Jersey S 3371 (221)"
classification: ["bill"]
subjects: ["BANKING"]
status: "enacted"
primary_sponsors: ["Freiman, Roy", "Pou, Nellie", "Singer, Robert W."]
version_count: 2
action_count: 7
vote_count: 3
first_action: "2024-06-03T04:00:00+00:00"
last_action: "2024-07-10T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/f9bcb69a-0829-4700-8afb-157088041aa8"
source_url: "https://pub.njleg.state.nj.us/leg-databases/"
source_hash: "86611ca7324ef6c01032785686e7e997f97e74fbafbef1d123506818f9cc5c2d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 3371 (221) — Revises limits for net cash surrender and net cash withdrawal values for certain annuity policies and contracts from $100,000 to $250,000.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/S3500/3371_I1.HTM)
2. **Reprint SCM 6/10/24 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2024/S3500/3371_R1.HTM)

## Votes

- Reported out of Senate committee with amendments — **5–0** (pass) · upper
- 3RDG FINAL PASSAGE — **72–0** (pass) · lower
- 3RDG FINAL PASSAGE — **40–0** (pass) · upper

## Sponsors

- Freiman, Roy — primary (person)
- Pou, Nellie — primary (person)
- Singer, Robert W. — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-06-03T04:00:00+00:00** Introduced in the Senate, Referred to Senate Commerce Committee `introduction, referral-committee`
- **2024-06-10T04:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2024-06-28T04:00:00+00:00** Passed Senate (40-0) `passage`
- **2024-06-28T04:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2024-06-28T04:00:00+00:00** Substituted for A4457 (1R)
- **2024-06-28T04:00:00+00:00** Passed Assembly (Passed Both Houses) (72-0-0) `passage`
- **2024-07-10T04:00:00+00:00** Approved P.L.2024, c.34. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f9bcb69a-0829-4700-8afb-157088041aa8`. Confidence: reported (aggregated from official New Jersey legislature records).