reglab/housing_qa huggingface dataset:
NH Rev Stat § 408-F:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-F - Life and Health Insurance Guaranty Association of 2019|Section 408-F:17 - Immunity.

    408-F:17 Immunity. –||There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the association or its agents or employees, members of the board of directors, or the commissioner or the commissioner's representatives, for any action or omission by them in the performance of their powers and duties under this chapter. Such immunity shall extend to the participation in any organization of one or more other state associations of similar purposes and to any such organization and its agents or employees.|||Source. 2019, 314:1, eff. Jan. 1, 2020.|
NH Rev Stat § 408-F:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-F - Life and Health Insurance Guaranty Association of 2019|Section 408-F:18 - Stay of Proceedings; Reopening Default Judgments.

    408-F:18 Stay of Proceedings;  Reopening Default Judgments. –||All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed 60 days from the date an order of liquidation, rehabilitation or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default, the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.|||Source. 2019, 314:1, eff. Jan. 1, 2020.|
NH Rev Stat § 408-F:20 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-F - Life and Health Insurance Guaranty Association of 2019|Section 408-F:20 - Prospective Application.

    408-F:20 Prospective Application. –||This chapter shall not apply to any member insurer which is insolvent or unable to fulfill its contractual obligations on December 31, 2019.|||Source. 2019, 314:1, eff. Jan. 1, 2020.|
NH Rev Stat § 408-G:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-G - Structured Settlement Protection|Section 408-G:2 - Required Disclosure to Payee.

    408-G:2 Required Disclosure to Payee. –||Not less than 3 days prior to the date on which a payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure statement, in bold type no smaller than 14 points, setting forth the following:||I. The amounts and due dates of the structured settlement payments to be transferred.||II. The aggregate amount of such payments.||III. The discounted present value of the payments to be transferred, which shall be identified as the "calculation of current value of the transferred structured settlement payments under federal standards for valuing annuities and the amount of the Applicable Federal Rate used in calculating such discounted present value".||IV. The gross advance amount.||V. An itemized listing of all applicable transfer expenses, other than attorneys' fees and related disbursements payable in connection with the transferee's application for approval of the transfer, and the transferee's best estimate of the amount of any such fees and disbursements.||VI. The effective annual interest rate, which must be disclosed in a statement in the following form: "On the basis of the net amount that you will receive from us and the amounts and timing of the structured settlement payments that you are transferring to us, you will, in effect be paying interest to us at a rate of ______ percent per year."||VII. The net advance amount.||VIII. The amount of any penalties or liquidated damages payable by the payee in the event of any breach of the transfer agreement by the payee.||IX. That the payee has the right to cancel the transfer agreement, without penalty or further obligation, not later than the third business day after the date the agreement is signed by the payee.||X. That the payee has the right to seek and receive independent professional advice regarding the proposed transfer and should consider doing so before agreeing to transfer any structured settlement payment rights.||XI. That the payee has the right to negotiate the purchase price offered by the transferee, and the payee is advised to obtain competing offers from other potential transferees.|||Source. 2021, 206:2, Pt. IV, Sec. 1, eff. Oct. 9, 2021.|
NH Rev Stat § 408-G:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-G - Structured Settlement Protection|Section 408-G:3 - Approval of Transfers of Structured Settlement Payment Rights.

    408-G:3 Approval of Transfers of Structured Settlement Payment Rights. –||No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee or assignee of structured settlement payment rights unless the transfer has been approved in advance in a final court order based on express findings by such court that:||I. The transfer is in the best interest of the payee, taking into account the welfare and support of the payee's dependents; and||II. The payee has been advised in writing by the transferee to seek independent professional advice regarding the transfer and has either received such advice or knowingly waived in writing the opportunity to seek and receive such advice; and||III. The transfer does not contravene any applicable statute or the order of any court or other government authority.|||Source. 2021, 206:2, Pt. IV, Sec. 1, eff. Oct. 9, 2021.|
NH Rev Stat § 408-G:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-G - Structured Settlement Protection|Section 408-G:4 - Effects of Transfer of Structured Settlement Payment Rights.

    408-G:4 Effects of Transfer of Structured Settlement Payment Rights. –||Following a transfer of structured settlement payment rights under this chapter:||I. The structured settlement obligor and the annuity issuer may rely on the court order approving the transfer in redirecting periodic payments to an assignee or transferee in accordance with the order approving the transfer and shall, as to all parties except the transferee or an assignee designated by the transferee, be discharged and released from any and all liability for the redirected payments; and such discharge and release shall not be affected by the failure of any party to the transfer to comply with this chapter or with the court order approving the transfer;||II. The transferee shall be liable to the structured settlement obligor and the annuity issuer:||(a) If the transfer contravenes the terms of the structured settlement, for any taxes incurred by the structured settlement obligor or annuity issuer as a consequence of the transfer; and||(b) For any other liabilities or costs, including reasonable costs and attorneys' fees, arising from compliance by the structured settlement obligor or annuity issuer with the court order approving the transfer or from the failure of any party to the transfer to comply with this chapter;||III. Neither the annuity issuer nor the structured settlement obligor may be required to divide any periodic payment between the payee and any transferee or assignee or between 2 or more transferees or assignees; and||IV. Any further transfer of structured settlement payment rights by the payee may be made only after compliance with all of the requirements of this chapter.|||Source. 2021, 206:2, Pt. IV, Sec. 1, eff. Oct. 9, 2021.|
NH Rev Stat § 408-G:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408-G - Structured Settlement Protection|Section 408-G:6 - General Provisions; Construction.

    408-G:6 General Provisions;  Construction. –||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 payee has breached the agreement, shall be determined in and under the laws of this state. No such transfer agreement shall authorize the transferee or any other party to confess judgment or consent to entry of judgment against the payee.||III. No transfer of structured settlement payment rights shall extend to any payments that are life-contingent unless, prior to the date on which the payee signs the transfer agreement, the transferee has established and has agreed to maintain procedures reasonably satisfactory to the annuity issuer and the structured settlement obligor for periodically confirming the payee's survival, and giving the annuity issuer and the structured settlement obligor prompt written notice in the event of the payee's death.||IV. If the payee cancels a transfer agreement, or if the transfer agreement otherwise terminates, after an application for approval of a transfer of structured settlement payment rights has been filed and before it has been granted or denied, the transferee shall promptly request dismissal of the application.||V. No payee who proposes to make a transfer of structured settlement payment rights shall incur any penalty, forfeit any application fee or other payment, or otherwise incur any liability to the proposed transferee or any assignee based on any failure of such transfer to satisfy the conditions of this chapter.||VI. Nothing contained in this chapter shall be construed to authorize any transfer of structured settlement payment rights in contravention of any applicable law or to imply that any transfer under a transfer agreement entered into prior to the effective date of this chapter is valid or invalid.||VII. Compliance with the requirements set forth in RSA 408-G:2 and fulfillment of the conditions set forth in RSA 408-G:3 shall be solely the responsibility of the transferee in any transfer of structured settlement payment rights, and neither the structured settlement obligor nor the annuity issuer shall bear any responsibility for, or any liability arising from, non-compliance with such requirements or failure to fulfill such conditions.|||Source. 2021, 206:2, Pt. IV, Sec. 1, eff. Oct. 9, 2021.|
NH Rev Stat § 409:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:1 - Short Title.

    409:1 Short Title. –||This chapter shall be known as the Standard Nonforfeiture Law For Life Insurance.|||Source. 1943, 89:1, par. 1. RSA 409:1. 1979, 360:2, eff. Aug. 22, 1979.|
NH Rev Stat § 409:1-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:1-a - Definition.

    409:1-a Definition. –||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.|||Source. 2013, 221:2, eff. Jan. 1, 2014.|
NH Rev Stat § 409:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:3 - Minimum Cash Surrender Values.

    409:3 Minimum Cash Surrender Values. –||I. Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not required by RSA 409:2, shall be an amount not less than the excess, if any, of the present value, on such anniversary, of the future guaranteed benefits which would have been provided for by the policy, including any existing paid-up additions, if there had been no default, over the sum of: (a) the then present value of the adjusted premiums as defined in RSA 409:5, RSA 409:5-a and RSA 409:5-b, corresponding to premiums which would have fallen due on and after such anniversary, and (b) the amount of any indebtedness to the company on the policy.||II. Provided, however, that for any policy issued on or after the operative date of RSA 409:5-b as defined in that section, which provides supplemental life insurance or annuity benefits at the option of the insured and for an identifiable additional premium by rider or supplemental policy provision, the cash surrender value referred to in paragraph I of this section shall be an amount not less than the sum of the cash surrender value as defined in such paragraph for an otherwise similar policy issued at the same age without such rider or supplemental policy provision and the cash surrender value as defined in such paragraph for a policy which provides only the benefits otherwise provided by such rider or supplemental policy provision.||III. Provided, further, that for any family policy issued on or after the operative date of RSA 409:5-b as defined in that section, which defines a primary insured and provides term insurance on the life of the spouse of the primary insured expiring before the spouse's age 71, the cash surrender value referred to in paragraph I of this section shall be an amount not less than the sum of the cash surrender value as defined in such paragraph for an otherwise similar policy issued at the same age without such term insurance on the life of the spouse and the cash surrender value as defined in such paragraph for a policy which provides only the benefits otherwise provided by such term insurance on the life of the spouse.||IV. Any cash surrender value available within 30 days after any policy anniversary under any policy paid-up by completion of all premium payments or any policy continued under any paid-up nonforfeiture benefit, whether or not required by RSA 409:2, shall be an amount not less than the present value, on such anniversary, of the future guaranteed benefits provided for by the policy, including any existing paid-up additions, decreased by any indebtedness to the company on the policy.|||Source. 1943, 89:1, par. 3. RSA 409:3. 1959, 161:1. 1981, 182:10, eff. Aug. 1, 1981.|
NH Rev Stat § 409:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:4 - Minimum Nonforfeiture Benefits.

    409:4 Minimum Nonforfeiture Benefits. –||Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this chapter in the absence of the condition that premiums shall have been paid for at least a specified period.|||Source. 1943, 89:1, par. 4, eff. Jan. 1, 1948.|
NH Rev Stat § 409:5-c (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:5-c - Commissioner's Authority to Approve Certain Plans.

    409:5-c Commissioner's Authority to Approve Certain Plans. –||In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of any plan of life insurance which is of such a nature that minimum values cannot be determined by the methods described in RSA 409:2, 409:4, 409:5, 409:5-a, or 409:5-b, then:||I. The commissioner must be satisfied that the benefits provided under the plan are substantially as favorable to policyholders and insureds as the minimum benefits otherwise required by RSA 409:2, 409:3, 409:4, 409:5, 409:5-a, or 409:5-b;||II. The commissioner must be satisfied that the benefits and the pattern of premiums of that plan are not such as to mislead prospective policyholders or insureds;||III. The cash surrender values and paid-up nonforfeiture benefits provided by such plan must not be less than the minimum values and benefits required for the plan computed by a method consistent with the principles of this chapter, as determined by rules adopted by the commissioner pursuant to RSA 541-A.|||Source. 1981, 182:13, eff. Aug. 1, 1981.|
NH Rev Stat § 409:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:6 - Method of Calculating Cash Surrender Values and Nonforfeiture Benefits.

    409:6 Method of Calculating Cash Surrender Values and Nonforfeiture Benefits. –||Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary shall be calculated with allowance for the lapse of time and the payment of fractional premiums beyond the last preceding policy anniversary. All values referred to in RSA 409:3, 409:4, 409:5, 409:5-a, and 409:5-b may be calculated upon the assumption that any death benefit is payable at the end of the policy year of death. The net value of any paid-up additions, other than paid-up term additions, shall be not less than the amounts used to provide such additions. Notwithstanding the provisions of RSA 409:3, additional benefits under the following circumstances shall be disregarded in ascertaining cash surrender values and nonforfeiture benefits required by this chapter; and no such additional benefits shall be required to be included in any paid-up nonforfeiture benefits:||I. In the event of death or dismemberment by accident or accidental means;||II. In the event of total and permanent disability;||III. As reversionary annuity or deferred reversionary annuity benefits;||IV. As term insurance benefits provided by a rider or supplemental policy provision to which, if issued as a separate policy, this chapter would not apply;||V. As term insurance on the life of a child or on the lives of children provided in a policy on the life of a parent of the child, if such term insurance expires before the child's age is 26, is uniform in amount after the child's age is one, and has not become paid-up by reason of the death of a parent of the child; and||VI. As other policy benefits additional to life insurance and endowment benefits, and premiums for all such additional benefits.|||Source. 1943, 89:1, par. 6. RSA 409:6. 1959, 161:4. 1961, 75:3. 1981, 182:14, eff. Aug. 1, 1981.|
NH Rev Stat § 409:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:7 - Chapter Not Applicable to Certain Contracts.

    409:7 Chapter Not Applicable to Certain Contracts. –||I. This chapter shall not apply to any of the following:||(a) Reinsurance;||(b) Group insurance;||(c) Pure endowment;||(d) Annuity or reversionary annuity contract;||(e) Term policy of uniform amount, which provides no guaranteed nonforfeiture or endowment benefits, or renewal thereof, of 20 years or less expiring before age 71, for which uniform premiums are payable during the entire term of the policy;||(f) Term policy of decreasing amount, which provides no guaranteed nonforfeiture or endowment benefits, on which each adjusted premium, calculated as specified in RSA 409:5, 409:5-a, and 409:5-b, is less than the adjusted premium so calculated, on a term policy of uniform amount, or renewal of such policy, which provides no guaranteed nonforfeiture or endowment benefits, issued at the same age and for the same initial amount of insurance and for a term of 20 years or less expiring before age 71, for which uniform premiums are payable during the entire term of the policy;||(g) Policy, which provides no guaranteed nonforfeiture or endowment benefits, for which no cash surrender value, if any, or present value of any paid-up nonforfeiture benefit, at the beginning of any policy year, calculated as specified in RSA 409:3, 409:4, 409:5, 409:5-a, and 409:5-b, exceeds 21/2 percent of the amount of insurance at the beginning of the same policy year; nor||(h) Policy which shall be delivered outside this state through an agent or other representative of the company issuing the policy.||II. For purposes of determining the applicability of this chapter, the age at expiry for a joint term life insurance policy shall be the age at expiry of the oldest life.|||Source. 1943, 89:1, par. 7. RSA 409:7. 1959, 161:5. 1981, 182:16, eff. Aug. 1, 1981.|
NH Rev Stat § 409:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409 - Standard Nonforfeiture Law for Life Insurance|Section 409:8 - Operative Date Defined.

    409:8 Operative Date Defined. –||Except as otherwise provided in RSA 409:5-a and 5-b, any life insurance company authorized to do business in this state may file with the insurance commissioner a written notice of its intention to comply with the provisions of this chapter on and after a specified date prior to January 1, 1948. After the filing of such notice, then upon such specified date, which shall be the operative date of this chapter for such company, this chapter shall become operative with respect to policies issued after such date by such company. As to such companies making no such election, the operative date of this chapter shall be January 1, 1948.|||Source. 1943, 89:1, par. 8. RSA 409:8. 1959, 161:6. 1981, 182:17, eff. Aug. 1, 1981.|
NH Rev Stat § 409-A:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409-A - Standard Nonforfeiture Law for Individual Deferred Annuities|Section 409-A:1 - Short Title.

    409-A:1 Short Title. –||This chapter shall be known as the Standard Nonforfeiture Law For Individual Deferred Annuities.|||Source. 1979, 360:4, eff. Aug. 22, 1979.|
NH Rev Stat § 409-A:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409-A - Standard Nonforfeiture Law for Individual Deferred Annuities|Section 409-A:2 - Exemptions.

    409-A:2 Exemptions. –||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 providing individual retirement accounts or individual retirement annuities under section 408 of the Internal Revenue Code, as now or hereafter amended, premium deposit fund, variable annuity, investment annuity, immediate annuity, any deferred annuity contract after annuity payments have commenced, or reversionary annuity, nor to any contract which shall be delivered outside this state through an agent or other representative of the company issuing the contract.|||Source. 1979, 360:4, eff. Aug. 22, 1979.|
NH Rev Stat § 409-A:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 409-A - Standard Nonforfeiture Law for Individual Deferred Annuities|Section 409-A:5 - Computation of Annuity Benefit.

    409-A:5 Computation of Annuity Benefit. –||Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.|||Source. 1979, 360:4, eff. Aug. 22, 1979.|