Title XXXVII, Insurance

I. A domestic society may consolidate or merge with any other society by complying with the provisions of this section. It shall file with the commissioner: (a) A certified copy of the written contract containing in full the terms and conditions of the consolidation or merger; (b…

Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of the general insurance laws for mutual life insurance companies. A plan of conversion shall be prepared in writing by the board of dir…

I. A society may provide the following contractual benefits in any form: (a) Death benefits; (b) Endowment benefits; (c) Annuity benefits; (d) Temporary or permanent disability benefits; (e) Hospital, medical or nursing benefits; (f) Monument or tombstone benefits to the memory o…

I. The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevoc…

No money or other benefit, charity, relief or aid to be paid, provided or rendered by any society, shall be liable to attachment, garnishment or other process, or to be seized, taken, appropriated or applied by any legal or equitable process or operation of law to pay any debt or…

I. Every society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying the amount of benefits provided in such contract. The certificate, together with any riders or endorsements, the laws of the society, the application …

I. For certificates issued prior to one year after the effective date of this act, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the provisions of law applicable immediately prior to the…

I. A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated or admitted in accordance with its laws, rules, and ritual. Subordinate lodges shall be required by the laws of the society to hold re…

A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers as provided in RSA 411-A. Provided, that any foreign society permitted or seeking to do business in this state, which invests its fu…

I. All assets shall be held, invested, and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit…

Except as provided in this chapter, and except for RSA 405:53 through 405:60, inclusive, which are herein incorporated and made applicable hereto, societies shall be governed by this chapter and shall be exempt from all provisions of the insurance laws of this state not only in g…

Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, and municipal tax, other than taxes on real estate and office equipment.

I. Standards of valuation for certificates issued prior to one year after the effective date of this chapter shall be those provided by the laws applicable immediately prior to the effective date of this chapter. II. The minimum standards of valuation for certificates issued on o…

Reports shall be filed in accordance with the provisions of this section: I. Every society transacting business in this state shall annually, on or before March 1, unless for cause shown such time has been extended by the commissioner, file with the commissioner of insurance a tr…

On compliance with the foregoing conditions and if the society is found upon examination made by or under the direction of the commissioner to have complied with the laws of the state applicable to it, a license to transact business in this state shall be issued until June 14 the…

I. The commissioner, or any person he or she may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this state in the same manner as provided in RSA 400-A:37 and RSA 400-A:38 for examination of domestic, forei…

I. No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. …

I. When the commissioner upon investigation finds that a domestic, foreign or alien society has exceeded its powers; has failed to comply with any provision of this chapter; is not fulfilling its contracts in good faith; has a membership of less than 400 after an existence of one…

I. A society has a representative form of government when the supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be pres…

No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this state unless made by the attorney general upon request of the commissioner.

I. Agents of societies shall be licensed in accordance with the provisions of RSA 402-J regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents. II. Any person who acts in violation of this section shall, in addition to any pe…

Every society authorized to do business in this state shall be subject to the provisions of RSA 417, relating to unfair insurance trade practices; provided, however, that nothing in such provisions shall be construed as applying to or affecting the right of any society to determi…

I. Every society authorized to do business in this state shall appoint in writing the commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such writing …

All decisions and findings of the commissioner made under the provisions of this chapter shall be subject to review by proper proceedings in any court of competent jurisdiction in this state.

I. Any person, officer, member or examining physician of any society authorized to do business under this chapter, who shall knowingly or willfully make any false or fraudulent statement or representation in or with reference to any application for membership, or for the purpose …

I. Nothing contained in this chapter shall be so construed as to affect or apply to: (a) Grand or subordinate lodges of societies, orders or associations now doing business in this state which provide benefits exclusively through local or subordinate lodges; (b) Orders, societies…

If any provision of this chapter or the application thereof to any person or circumstance is held to be invalid, the invalidity shall not affect any other provision or the application of such provision to other persons or circumstances, and to this end the provisions of this chap…

I. A society shall operate for the benefit of members and their beneficiaries by: (a) Providing benefits as specified in RSA 418:15; and (b) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic or religious purposes for …

I. A society shall specify in its laws or rules: (a) Eligibility standards for each and every class of membership, provided, that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age 15 and not greater than age …

I. The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province or territory wherein such society has at least one subordinate lodge, or in such other location as determined by…

Officers and members of the supreme, grand or any subordinate body of any such incorporated society shall not be individually liable for the payment of any disability, death or other benefit provided for in the laws and agreements of such society, but the same shall be payable on…

The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members shall have the power or authority to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member and beneficiar…

A domestic society organized on or after the effective date of this chapter shall be formed as follows: I. Ten or more citizens of the United States, a majority of whom are citizens of this state, who desire to form a fraternal benefit society, may make, sign and acknowledge befo…