Title XXXVII, Insurance

No policy or certificate of group life insurance shall be issued or delivered in this state unless the policy is issued to a group that conforms to one of the following descriptions: I. A policy issued to an employer, or to the trustees of a fund established by an employer, which…

No policy or certificate of group life insurance, or any form attached to a policy or certificate of group life insurance, shall be delivered or issued for delivery in this state to a resident of this state unless it contains in substance the following provisions, or provisions w…

Subject to the terms of the policies relating to assignment of incidents of ownership thereunder, a person whose life is insured under a group life insurance policy may assign any and all incidents of ownership granted him or her under such policy or by law, including but not lim…

Any employee whose compensation includes group life insurance, the premiums for which are paid in full or in part by an employer, including the state of New Hampshire, its political subdivisions, or municipal corporations, or paid by payroll deduction, may pay the premiums as the…

No group life insurance policy or certificate shall contain any provision that reduces or denies any benefit otherwise payable because a pre-existing medical or health condition contributed to the death or disability of the insured. No group life insurance policy or certificate s…

Every annuity contract subject to this chapter shall comply with the following: I. Payment of premiums. There shall be a provision relating to the time and place of payment of premiums. II. Grace period. There shall be a provision that the contract holder is entitled to a grace p…

No person may issue a life insurance policy or annuity contract without first obtaining a certificate of authority from the commissioner.

No group annuity may be delivered or issued for delivery in this state to a group which does not meet the definition of group annuity as defined in rules. The commissioner may promulgate rules defining groups for annuities.

I. "Separate account" shall mean a segregated investment account maintained by an insurance company. II. "Variable products" shall mean any life insurance policy or annuity contract issued by an insurance company which provides that the dollar amount of benefits or other contract…

A domestic life insurance company may establish one or more separate accounts, and may allocate thereto amounts, including, without limitation, proceeds applied under optional modes of settlement or under dividend options, to provide for life insurance or annuities and benefits i…

I. The income, gains, and losses, realized or unrealized, from assets allocated to a separate account shall be credited to or charged against the account, without regard to other income, gains, or losses of the company. II. Notwithstanding any inconsistent provision in this chapt…

Amounts allocated by an insurance company to separate accounts in the exercise of the power granted by this chapter shall be owned by the insurance company, and the insurance company shall not be, or hold itself out to be, a trustee in respect to such amounts. To the extent so pr…

To the extent the insurance company deems it necessary to comply with any applicable federal or state laws, the insurance company, with respect to a separate account, including, without limitation, any separate account that is a management investment company or a unit investment …

I. No company shall issue for delivery within this state variable products unless it is licensed to do so in this state. II. A variable product license will only be issued to a company licensed in this state to conduct life insurance and annuity business if the commissioner is sa…

Upon licensure of any insurance company to issue variable products, a certificate shall be issued stating the name and the fact that the company has been licensed as a life insurance company authorized to issue variable products. The certificate shall be in such form as the commi…

Any variable product issued or delivered in this state, and any certificate evidencing variable benefits issued pursuant to any such product on a group basis, shall contain a statement of the essential features of the procedure to be followed by the insurance company in determini…

Any domestic life insurance company which issues variable products shall establish one or more separate accounts known as variable product accounts. Variable product accounts shall comply with all the requirements of separate accounts, pursuant to RSA 408:21-25.

I. For the purpose of life insurance and annuities: (a) An individual has an unlimited insurable interest in his or her own life, body, and health, and may lawfully take out a policy of insurance on his or her own life, body, and health, and have the policy made payable to whomso…

Investments and liabilities of a variable product account shall at all times be clearly identifiable and distinguishable from the other investments and liabilities of the company. No investments of a variable product account shall be pledged or transferred as collateral for a loa…

I. The assets of a variable product account may be invested in any real estate or tangible or intangible personal property which is a legal investment for a life insurance company, and, in addition, such assets may be invested wholly or partly in common stock, in preferred stocks…

Except with the approval of the commissioner and under such conditions as to investments and other matters as he or she may prescribe, which shall recognize the guaranteed nature of the benefits provided, reserves for (a) benefits guaranteed as to dollar amount and duration and (…

Any company organized under the laws of this state, which has been authorized by the commissioner to issue variable products, shall deposit all securities representing the assets of a segregated fund for a variable product account, and all uninvested cash of such a fund, with a c…

I. Only a life insurance company licensed to issue variable products in this state may, in this state, by direct solicitation or through agents or producers, or by letter, circular, or advertising, sell, offer for sale, or invite offers for or inquiries about variable products an…

If the commissioner is of the opinion that any variable product is of such a character that there is a serious financial danger to the purchaser in buying it, or that the circulars and advertisements do not disclose pertinent facts sufficient to enable intending purchasers to for…

Except for RSA 409:2, in the case of a variable life insurance policy, and except as otherwise provided in this chapter, all pertinent provisions of Title XXXVII shall apply to separate accounts and products relating thereto. Any variable life insurance or annuity contract delive…

I. Whoever violates any provisions of RSA 408:26-36, inclusive, or knowingly files with the commissioner, or furnishes to him or her any false or misleading statements or information, shall be guilty of a class B felony, if a natural person, or guilty of a felony if any other per…

I. No policy, contract, certificate, document, or other form related to life insurance or annuities shall be issued or delivered to any person in this state until a copy thereof has been submitted to the commissioner for review to determine whether it is in compliance with Title …

The commissioner may at any time, after a hearing noticed in accordance with RSA 400-A:18, withdraw approval of any such form that does not comply with the requirements of Title XXXVII or rules adopted thereunder. It shall be unlawful for the insurer to issue the form or use it i…

The lawful beneficiary of a life insurance policy or annuity contract death benefit shall be entitled to its proceeds and all other benefits against creditors and representatives of the insured person provided that, subject to the statute of limitations, the amount of any premium…

If it appears that the life insurance policy or annuity contract was procured with the intent and effect of defrauding creditors of the person procuring the same, the party receiving the money secured by the policy shall be liable to such creditors for the amount of all premiums …

Any person who violates any provision of this chapter or any rule adopted thereunder shall be subject to penalties as provided under RSA 400-A:15, III.

I. "Retained asset account" means any mechanism whereby the settlement of death benefits payable under a life insurance policy or annuity contract is accomplished pursuant to a disclosure document with the beneficiary, or the beneficiary's legal representative, by the insurer, or…