New Hampshire RSA Title XXXVII, Chapter 408

What this document is

New Hampshire RSA Title XXXVII, Chapter 408 - Life Insurance and Annuity Contracts, excluding the group life subdivision (RSA 408:1 to 408:13 and 408:19 to 408:37) is a state statute published by www.gencourt.state.nh.us. It is one of the New Hampshire documents that insurance license exam questions are written from, including new hampshire life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• N.H. RSA tit. XXXVII § 408:6 (Third Party Proceeds from Death Benefits)

  “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 premiums for said...”

• N.H. RSA tit. XXXVII § 408:13, II (Life Insurance Policy Grace Period Provision)

  “II. Grace period. There shall be a provision that the policyholder is entitled to a grace period for the premium due, except the first, during which grace period the death benefit coverage shall continue in force, unless the policyholder has given the insurer written notice of discontinuance in...”

• N.H. RSA tit. XXXVII § 408:13, IV (Life Insurance Policy Incontestability Provision)

  “IV. Incontestability. There shall be a provision that the policy shall be incontestable by the insurer after it has been in force for 2 years during the lifetime of the insured. However, any increase in the amount of the policy's death benefits subsequent to the policy issue date, which occurred...”

• N.H. RSA tit. XXXVII § 408:13, V (Misstatement of Age or Gender)

  “V. Misstatement. If there is a misstatement of age or gender in the policy, the amount of the death benefit shall be that which would be purchased by the most recent mortality charge at the correct age or gender. The commissioner may approve other methods which are deemed satisfactory.”

• N.H. RSA tit. XXXVII § 408:9, II (Retained Asset Accounts)

  “II. An insurer may not transfer funds to a retained asset account unless the beneficiary or the beneficiary's legal representative has elected to receive funds through a retained asset account after receiving written information describing the settlement options available under the policy or...”

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More New Hampshire sources

• N.H. RSA Title XXXVII, Chapter 417 - Unfair Insurance Trade Practices (complete chapter, RSA 417:1 to 417:31)State statute
• New Hampshire RSA Title XXXVII, Chapter 415 - Accident and Health Insurance, individual policy provisions and general provisions (RSA 415:1 to 415:17 and 415:20 to 415:27)State statute
• New Hampshire RSA Title XXXVII, Chapter 400-A - Insurance Department; general provisions applicable to all insurers (RSA 400-A:1 to 400-A:39-b)State statute
• New Hampshire RSA Title XXXVII, Chapter 415 - Group and Blanket Accident and Health Insurance (RSA 415:18 to 415:19-c)State statute
• New Hampshire RSA Title XXXVII, Chapter 408, Group Life Insurance subdivision (RSA 408:14 to 408:18)State statute
• New Hampshire RSA Title XXXVII, Chapter 408-F - New Hampshire Life and Health Insurance Guaranty Association Act of 2019 (RSA 408-F:1 to 408-F:20)State statute
• New Hampshire RSA Title XXXVII, Chapter 415-D - Long-Term Care Insurance Act (RSA 415-D:1 to 415-D:13)State statute
• New Hampshire RSA Title XXXVII, Chapter 415-F - Medicare Supplemental Insurance (RSA 415-F:1 to 415-F:9)State statute