Title XXXVII, Insurance

In this chapter: I. "Account" means either of the 2 accounts created under RSA 408-B:6. II. "Association" means the New Hampshire life and health insurance guaranty association created under RSA 408-B:6. III. "Commissioner" means the commissioner of insurance. IV. "Contractual ob…

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 commission shall have the following powers: I. To promulgate rules, pursuant to RSA 408-C:7, which shall have the force and effect of law and shall be binding in the compacting states to the extent and in the manner provided in this compact. II. To exercise its rulemaking aut…

The term of any credit life insurance or credit accident and health insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor, or the date from which interest or finance charges accrue if later, except that, wher…

I. A person shall not use a life settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the commissioner. II. The commissioner shall disapprove a life settlement contract form or disclosure statement form …

I. This chapter shall provide coverage for the policies and contracts specified in paragraph II: (a) To persons who, regardless of where they reside (except for nonresident certificate holders under group policies or contracts), are the beneficiaries, assignees, or payees, includ…

I. Membership, voting and bylaws: (a) Each compacting state shall have and be limited to one member. Each member shall be qualified to serve in that capacity pursuant to applicable law of the compacting state. Any member may be removed or suspended from office as provided by the …

I. An application under this chapter for approval of a transfer of structured settlement payment rights shall be made by the transferee and shall be brought in the superior court in the county in which the payee resides, except that if the payee does not reside in this state, the…

I. This chapter shall provide coverage for the policies and contracts specified in paragraph II: (a) To persons who, regardless of where they reside (except for nonresident certificate holders under group policies or contracts), are the beneficiaries, assignees, or payees of the …

An amount shall not be guaranteed or credited under a funding agreement except upon: I. Reasonable assumptions as to investment income and expenses; and II. A basis equitable to all holders of funding agreements of a given class.

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…

Credit unemployment insurance may be sold in connection with loans or other credit transactions, subject to the provisions of this chapter as applied to credit life insurance and credit accident and health insurance. Any insurer authorized to offer the coverage specified by this …

I. All credit life insurance and credit accident and health insurance sold shall be evidenced by an individual policy, or in the case of group insurance by a certificate of insurance, which individual policy or group certificate of insurance shall be delivered to the debtor. II. …

I. Each life settlement provider shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner may prescribe by rule. Individual transaction data regarding the business of life settlements or data that could…

I. There is created a nonprofit legal entity to be known as the New Hampshire life and health insurance guaranty association, which shall be the same association created under RSA 404-D:6. All member insurers shall be and remain members of the association as a condition of their …

I. The provisions of this chapter shall not be waived by any payee. II. Any transfer agreement entered into on or after the effective date of this chapter by a payee who resides in this state shall provide that disputes under such transfer agreement, including any claim that the …

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…

Amounts paid to the insurer, and proceeds applied under optional modes of settlement under the funding agreement may be allocated by the insurer to one or more separate accounts pursuant to the provisions in RSA 408 addressing separate accounts.

I. There is created a nonprofit legal entity to be known as the New Hampshire life and health insurance guaranty association, which shall be the same association created under RSA 404-D:6. All member insurers shall be and remain members of the association as a condition of their …

I. The commission shall meet and take such actions as are consistent with the provisions of this compact and the bylaws. II. Each member of the commission shall have the right and power to cast a vote to which that compacting state is entitled and to participate in the business a…

I. All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders shall be filed with the commissioner of the state in which the policy is issued. II. The commissioner shall within 30 days after the filing of any such p…

In establishing minimum reserve requirements for funding agreements the commissioner may use any relevant actuarial guidelines, regulations, interpretations, or papers as well as standards set forth in the Valuation Manual of the National Association of Insurance Commissioners fo…

I. The commission shall promulgate reasonable rules, including uniform standards, and operating procedures in order to effectively and efficiently achieve the purposes of this compact. Notwithstanding the foregoing, in the event the commission exercises its rulemaking authority i…

I. Authority, scope, and scheduling of examinations. (a)(1) The commissioner may conduct an examination under this chapter of a licensee as often as the commissioner in his or her discretion deems appropriate. (2) In scheduling and determining the nature, scope, and frequency of …

I. The board of directors of the association shall consist of not less than 7 nor more than 11 member insurers serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacanci…

I. The board of directors of the association shall consist of not less than 5 nor more than 9 member insurers serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacancie…

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 …

The commissioner may adopt rules, pursuant to RSA 541-A, relative to: I. The standards to be followed in the approval of forms of funding agreements; II. The reserves to be maintained by insurers issuing funding agreements; III. The accounting and reporting of funds credited unde…

I. If a member insurer is an impaired domestic insurer, the association may, in its discretion, and subject to any conditions imposed by the association that do not impair the contractual obligations of the impaired insurer, that are approved by the commissioner, and that are, ex…

I. Each insurer issuing credit life insurance or credit accident and health insurance shall file with the commissioner its schedules of premium rates for use in connection with such insurance. Any insurer may revise such schedules from time to time, and shall file such revised sc…

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. Life insurers shall provide individual life insurance policyholders with a written notice that any of the acts described in paragraph III can have significant future financial, tax, or other implications and the consumer should consult with a licensed financial advisor, attorn…

I. The commission shall promulgate rules establishing conditions and procedures for public inspection and copying of its information and official records, except such information and records involving the privacy of individuals and insurers' trade secrets. The commission may prom…

I. If a member insurer is an impaired domestic insurer, the association may, in its discretion, and subject to any conditions imposed by the association that do not impair the contractual obligations of the impaired insurer, that are approved by the commissioner, and that are, ex…

I. With each application for a life settlement, a life settlement provider or a life settlement producer on behalf of the life settlement provider shall provide the viator with at least the following disclosures no later than the time the application for the life settlement contr…

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…

All policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business therein, and shall be issued only through holders of licenses or authorizations issued …

I. For the purpose of providing the funds necessary to carry out the powers and duties of the association, the board of directors shall assess the member insurers, separately for each account, at such time and for such amounts as the board finds necessary. Assessments shall be du…

The commission shall attempt, upon the request of a member, to resolve any dispute or other issues that are subject to this compact and which may arise between 2 or more compacting states, or between compacting states and non-compacting states, and the commission shall promulgate…

I. For the purpose of providing the funds necessary to carry out the powers and duties of the association, the board of directors shall assess the member insurers, separately for each account, at such time and for such amounts as the board finds necessary. Assessments shall be du…

This chapter shall be known as the Standard Nonforfeiture Law For Individual Deferred Annuities.

This chapter shall be known as the Standard Nonforfeiture Law For Life Insurance.

In this chapter, "operative date of the valuation manual" means the January 1 of the first calendar year that the valuation manual as defined in RSA 410:2, XII is effective.

After August 1, 1979, any company may file with the commissioner a written notice of its election to comply with the provisions of this chapter after a specified date before August 1, 1981. After filing of such notice, then upon such specified date, which shall be the operative d…

I. In the case of policies issued on and after the operative date as defined in RSA 409:8, no policy of life insurance, except as stated in RSA 409:7, shall be delivered or issued for delivery in this state unless it shall contain in substance the following provisions, or corresp…

This chapter shall not apply to any reinsurance group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer (including a partnership or sole proprietorship) or by an employee organization, or by both, other than a plan…