reglab/housing_qa huggingface dataset:
NH Rev Stat § 408:16-d (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:16-d - Disapproval of Forms.

    408:16-d Disapproval of Forms. –||I. No policy shall be issued or delivered to any person in this state until a copy of the form thereof has been submitted to the commissioner for review under state law and such reasonable rules and regulations as the commissioner shall make concerning the provisions in such contracts and their submission for approval.||II. The commissioner may, within 30 days after the filing of any such form, disapprove such form:||(a) If it contains a provision or provisions which are unjust, unfair, inequitable, misleading, deceptive, or encourage misrepresentation of such policy; or||(b) If it does not comply with the requirements of title XXXVII.||III. If the commissioner notifies the insurer which has filed any such form that it does not comply with the provisions of this chapter, it shall be unlawful thereafter for the insurer to issue the form or use it in connection with any policy. In the notice the commissioner shall specify the reasons for disapproval and state that a hearing shall be granted within 20 days after request in writing by the insurer.|||Source. 2010, 12:1. 2017, 218:2, eff. July 10, 2017.|
NH Rev Stat § 408:16-e (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:16-e - Subsequent Disapproval.

    408:16-e Subsequent Disapproval. –||The commissioner may at any time, after a hearing of which not less than 20 days' written notice shall have been given to the insurer, withdraw his or her approval of any such form on any of the grounds stated in this chapter. It shall be unlawful for the insurer to issue the form or use it in connection with any policy after the effective date of such withdrawal of approval. The notice of any hearing called under this section shall specify the matters to be considered at the hearing and any decision affirming disapproval or directing withdrawal of approval under this chapter shall be in writing and shall specify the reasons for the disapproval.|||Source. 2010, 12:1, eff. July 6, 2010.|
NH Rev Stat § 408:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:17 - Requirements.

    408:17 Requirements. –||Any corporation organized under the authority of any other state or country, and engaged in the business of casualty insurance upon the assessment plan, whether a mutual or joint stock company, which does not contract to pay living policyholders or members any fixed benefit save for bodily injury or physical disability from any cause, shall, upon filing with the insurance commissioner copies, statements, and agreements, and upon payment of fees and taxes as required of foreign insurance companies, be licensed by the commissioner to do business in this state, upon furnishing, in addition to other requirements, a certificate, under oath of its president and secretary, that it is paying, and for the 12 months then next preceding has paid, the maximum amount named in its policies or certificates in full and that an assessment upon its policyholders or members will produce a sum at least equal to the maximum policy or certificate written by the corporation, evidence that it has accumulated and maintains as a trust for the benefit of policy or certificate holders only, a fund equal at least to the amount which one assessment call upon said certificate or policyholders would produce, and of not less than $10,000, invested as provided in RSA 405:2, and a certificate from the proper authority of its home state or country that corporations of this state, engaged in the business of casualty insurance on the assessment plan, are legally entitled to do business in such state or country.|||Source. 1895, 81:1. 1897, 38:1. 1913, 80:2. PL 277:36. RL 327:16.|
NH Rev Stat § 408:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:18 - Limitation Upon Licenses.

    408:18 Limitation Upon Licenses. –||No corporation organized under the authority of any other state or country and engaged in the business of casualty insurance upon the assessment plan shall be licensed under the provisions of RSA 408:17 except as hereinafter provided; but any such corporation whose license under said provisions was in full force on June 1, 1939, may have said license to do business in this state renewed so long as the commissioner deems the corporation safe, reliable, and entitled to confidence.|||Source. 1939, 105:1. RL 327:16.|
NH Rev Stat § 408:19 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:19 - Provisions Applicable.

    408:19 Provisions Applicable. –||All companies, after they are licensed under the provisions of this subdivision, shall in all respects be subject to the provisions of this chapter.|||Source. 1895, 81:1. 1897, 38:1. 1913, 80:2. PL 277:37. RL 327:17.|
NH Rev Stat § 408:20 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:20 - Trust Fund.

    408:20 Trust Fund. –||Of the trust fund or reserve required to be accumulated and maintained by RSA 408:17 such corporation shall deposit in trust with the commissioner, before being licensed as aforesaid, and shall keep on deposit with him, securities at least equal in value to the amount which one assessment call upon its certificate or policyholders would produce; but the corporation shall have at all times, on approval of the commissioner, the right to exchange any part of said securities for others of like amount and character.|||Source. 1911, 27:1. 1913, 80:3. 1917, 46:1. PL 277:38. 1929, 17:1. RL 327:18.|
NH Rev Stat § 408:21 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:21 - Exception.

    408:21 Exception. –||RSA 408:20 shall not apply to any corporation which produces evidence satisfactory to the commissioner that it is required by the law of its home state or country to keep on deposit, and that it has deposited, securities to a like amount with the treasurer or other fiscal officer of such state or country.|||Source. 1911, 27:1. 1913, 80:3. PL 277:39. RL 327:19.|
NH Rev Stat § 408:22 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:22 - Rule.

    408:22 Rule. –||All bonds or other evidences of debt, having a fixed term and rate, held by any insurance company, assessment life association, or fraternal beneficiary association authorized to do business in this state may, if amply secured and not in default as to principal and interest, be valued as follows: If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided, that the purchase price shall in no case be taken at a higher figure than the actual market value at the time of purchase, and that the commissioner shall have full discretion in determining the method of calculating values according to the foregoing rule.|||Source. 1921, 21:1. PL 277:40. RL 327:20.|
NH Rev Stat § 408:23 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:23 - Definition.

    408:23 Definition. –||A "separate account" shall mean a segregated investment account maintained by an insurance company in accordance with RSA 408:24 to 408:27, inclusive.|||Source. 1967, 272:2. 1977, 264:1, eff. Aug. 21, 1977.|
NH Rev Stat § 408:24 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:24 - Authorization.

    408:24 Authorization. –||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 incidental thereto), payable in fixed or variable amounts or both.|||Source. 1967, 272:2. 1977, 264:2, eff. Aug. 21, 1977.|
NH Rev Stat § 408:25 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:25 - Operation of Separate Accounts.

    408:25 Operation of Separate Accounts. –||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 chapter or in any section of the general statutes, the amounts allocated to any separate account and accumulations thereon may be invested and reinvested without regard to any requirements or limitations prescribed by the laws of this state governing the investments of life insurance companies and the investments in such separate account or accounts shall not be taken into account in applying the investment limitations otherwise applicable to the investments of the company.|||Source. 1967, 272:2. 1977, 264:3, eff. Aug. 21, 1977.|
NH Rev Stat § 408:26 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:26 - Company Not a Trustee.

    408:26 Company Not a Trustee. –||Amounts allocated by an insurance company to separate accounts in the exercise of the power granted by this chapter shall be owned by the company, and the company shall not be, or hold itself out to be, a trustee in respect to such amounts.|||Source. 1967, 272:2, eff. Jan. 1, 1968.|
NH Rev Stat § 408:27 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:27 - Definition.

    408:27 Definition. –||A "variable contract" shall mean any life insurance policy or annuity contract issued by an insurance company which provides that the dollar amount of benefits or other contractual payments thereunder may vary according to the investment experience of any separate account or accounts maintained by the insurance company in which amounts received in connection with such policies or contracts have been placed. Variable contracts shall not be deemed subject to RSA 421-B.|||Source. 1967, 272:2. 1977, 264:4. 2015, 273:17, eff. Jan. 1, 2016.|
NH Rev Stat § 408:28 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:28 - Qualification of Companies; Subsidiaries and Affiliates.

    408:28 Qualification of Companies;  Subsidiaries and Affiliates. –||I. No company shall issue for delivery within this state variable contracts unless it is licensed or organized to do a life insurance or annuity business in this state, and the commissioner is satisfied that its condition or method of operation in connection with the issuance of such contracts will not render its operation hazardous to the public or its policyholders in this state. In this connection, the commissioner shall consider among other things:||(a) The history and financial condition of the company;||(b) The character, responsibility and fitness of the officers and directors of the company; and||(c) The law and regulation under which the company is authorized in the state of domicile to issue variable contracts. The state of entry of an alien company shall be deemed its place of domicile for this purpose.||II. If the company is a subsidiary of an admitted life insurance company, or affiliated with such company through common management or ownership, it may be deemed by the commissioner to have met the provisions of this section if either it or the parent or the affiliated company meets the requirements hereof.|||Source. 1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.|
NH Rev Stat § 408:29 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:29 - Contract Provisions.

    408:29 Contract Provisions. –||Any variable contract issued or delivered in this state and any certificate evidencing variable benefits issued pursuant to any such contract on a group basis shall contain a statement of the essential features of the procedure to be followed by the insurance company in determining the dollar amount of the variable benefits or other contractual payments or values thereunder and shall state in clear terms that such amount may decrease or increase according to such procedure. Any such contract issued or delivered in this state and any such certificate shall contain on its first page, in a prominent position, a clear statement that the benefits or other contractual payments or values thereunder are on a variable basis.|||Source. 1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.|
NH Rev Stat § 408:31 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:31 - Limitations.

    408:31 Limitations. –||Investments and liabilities of a variable contract account shall at all times be clearly identifiable and distinguishable from the other investments and liabilities of the corporation. No investments of a variable contract account shall be pledged or transferred as collateral for a loan.|||Source. 1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.|
NH Rev Stat § 408:32 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:32 - Investments.

    408:32 Investments. –||I. The assets of a variable contract 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 or in other equities which are, at the time of their purchase, either listed or admitted to trading on a security exchange located in the United States of America or Canada, or are publicly traded on the over-the-counter market and as to which market quotations are available, provided that no more than 5 percent of the assets in any variable contract account may be invested in the securities of any one company and not more than 10 percent of any class of securities of any company shall be acquired.||II. Unless otherwise approved by the commissioner, assets allocated to a variable contract account shall be valued at their market value on the date of valuation, or if there is no readily available market, then as provided under the terms of the contract or the rules or other written agreement applicable to such variable contract account; provided, that unless otherwise approved by the commissioner, the portion if any of the assets of such variable contract account equal to the company's reserve liability with regard to the guaranteed benefits and funds referred to in RSA 408:33 shall be valued in accordance with the rules otherwise applicable to the company's assets.|||Source. 1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.|
NH Rev Stat § 408:33 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:33 - Reserves.

    408:33 Reserves. –||Except with the approval of the commissioner and under such conditions as to investments and other matters as he may prescribe, which shall recognize the guaranteed nature of the benefits provided, reserves for (a) benefits guaranteed as to dollar amount and duration and (b) funds guaranteed as to principal amount or stated rate of interest shall not be maintained in a variable contract account. The reserve liability for variable contracts shall be established by the insurance commissioner pursuant to the requirements of RSA 410, the Standard Valuation Law, in accordance with actuarial procedures that recognize the variable nature of the benefits provided.|||Source. 1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.|
NH Rev Stat § 408:34 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:34 - Deposit of Securities.

    408:34 Deposit of Securities. –||Any corporation organized under the laws of this state which has been authorized by the commissioner to issue variable contracts shall deposit all securities representing the assets of a segregated fund for a variable contract account and all uninvested cash of such a fund with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.|||Source. 1967, 272:2. 1977, 264:4. 1987, 246:4, eff. May 18, 1987.|
NH Rev Stat § 408:35 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:35 - Registration Required.

    408:35 Registration Required. –||Only a life insurance corporation licensed to do business in this state may, in this state, by direct solicitation or through agents or salesmen, or by letter, circular, or advertising sell, offer for sale, or invite offers for or inquiries about variable contracts and only if it is registered to do so under the provisions of this chapter.|||Source. 1967, 272:2. 1977, 264:5, eff. Aug. 21, 1977.|
NH Rev Stat § 408:36 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:36 - Application Fee.

    408:36 Application Fee. –||Any such life insurance corporation desiring registration shall file written application therefor with the insurance commissioner, accompanied by a registration fee in accordance with RSA 400-A:29, which is not to be returned if the application is not granted.|||Source. 1967, 272:2. 1969, 366:9. 1971, 244:4. 1977, 264:5, eff. Aug. 21, 1977.|
NH Rev Stat § 408:37 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:37 - Form, etc.

    408:37 Form, etc. –||The application shall be in such form as may be prescribed by the commissioner, and shall state in writing the principal place of business, the name or style of doing business, the date from which it has been licensed to do the business of life insurance in this state and such other documentary evidence of condition and responsibility as the commissioner may require to determine the applicant's good repute. The commissioner may make such other and further investigation thereof as he may deem desirable.|||Source. 1967, 272:2.|
NH Rev Stat § 408:38 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:38 - Registration.

    408:38 Registration. –||Upon being satisfied of the applicant's good repute, financial standing, reliability, and right to public confidence, the commissioner shall register the applicant to issue variable contracts.|||Source. 1967, 272:2. 1977, 264:5, eff. Aug. 21, 1977.|
NH Rev Stat § 408:39 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:39 - Hearing.

    408:39 Hearing. –||If the commissioner shall not be satisfied of the applicant's good repute, or if such objection shall be made, the commissioner shall give notice of either fact to the applicant, and upon request from him shall fix a time and place for hearing, of which 14 days' notice shall be given by mail to the applicant and to the objectors. At such hearing opportunity shall be given to said applicant and to any other persons interested or objecting, to offer further evidence as to the applicant's character and repute. If satisfied as a result of such hearing of the applicant's good character and repute in business the commissioner shall thereupon register the applicant to issue variable contracts.|||Source. 1967, 272:2. 1977, 264:5, eff. Aug. 21, 1977.|
NH Rev Stat § 408:40 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:40 - Certificate.

    408:40 Certificate. –||Upon registration of any insurance corporation to issue variable contracts a certificate shall be issued stating the name, principal place of business, and address of the registrant, the names, residences, and business addresses of all persons interested in the business as principals, officers, directors, or managing agents, and the fact that the registrant has been registered as a life insurance corporation authorized to issue variable contracts. The certificate shall in other respects be in such form as the commissioner may determine, but shall state in bold type that the commissioner does not recommend and assumes no responsibility for, variable contracts offered by the registrant. Certified copies of this certificate shall be furnished to the registrant at $5 each.|||Source. 1967, 272:2. 1969, 366:10. 1977, 264:5, eff. Aug. 21, 1977.|
NH Rev Stat § 408:41 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:41 - Changes in Certificate.

    408:41 Changes in Certificate. –||Changes in the certificate necessitated by changes in the personnel of the principals, officers, directors, or managing agents of any registrant, may be made at any time upon written application to the commissioner, accompanied by a statement of change within 5 days after such a change is made. Upon the issue of the amended certificate the original certificate shall be promptly surrendered to the commissioner for cancellation.|||Source. 1967, 272:2.|
NH Rev Stat § 408:42 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:42 - Registration Required.

    408:42 Registration Required. –||No salesman or agent shall in this state, in behalf of any insurance corporation authorized to issue variable contracts, sell, offer for sale, or invite offers for or inquiries about variable contracts unless registered as a salesman or agent of such insurance corporation under the provisions of this chapter. As a condition to such registration the commissioner can require that a salesman or agent pass a written examination.|||Source. 1967, 272:2. 1977, 264:6, eff. Aug. 21, 1977.|
NH Rev Stat § 408:43 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:43 - Appointment.

    408:43 Appointment. –||Pursuant to the provisions of RSA 402-J, a registered insurance corporation may make a lifetime appointment of a producer to issue variable contracts.|||Source. 1967, 272:2. 1969, 336:11. 1971, 244:5. 2001, 95:6, eff. Aug. 20, 2001.|
NH Rev Stat § 408:44 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:44 - Form.

    408:44 Form. –||The appointment shall be in such form as the commissioner may prescribe.|||Source. 1967, 272:2. 2001, 95:7, eff. Aug. 20, 2001.|
NH Rev Stat § 408:45 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:45 - Appointment Record.

    408:45 Appointment Record. –||The commissioner shall record that each person is so appointed as producer of the said corporation. Such appointment does not intend or imply that the commissioner recommends or assumes any responsibility for variable contracts offered by the registered insurance corporation or the said appointed producers.|||Source. 1967, 272:2. 1977, 264:7. 2001, 95:8, eff. Aug. 20, 2001.|
NH Rev Stat § 408:46 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:46 - Cancellation of Appointments.

    408:46 Cancellation of Appointments. –||Upon proper request and submission of a cancellation fee pursuant to the provisions of RSA 402-J by the registered insurance corporation the appointment of any producers shall be cancelled.|||Source. 1967, 272:2. 2001, 95:9, eff. Aug. 20, 2001.|
NH Rev Stat § 408:47 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 408 - Life Insurance|Section 408:47 - Expiration of Registration.

    408:47 Expiration of Registration. –||All registrations of life insurance corporations authorized to issue variable contracts or agents shall expire annually on June 14.|||Source. 1967, 272:2. 1977, 264:8. 2011, 189:4, eff. Aug. 13, 2011.|