There is a newer version of the New Hampshire Revised Statutes
2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 408-B - LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION OF 1996
Section 408-B:2 - Purpose.
NH Rev Stat § 408-B:2 (2014) What's This?
408-B:2 Purpose. –
I. The purpose of this chapter is to protect, subject to certain limitations, the persons specified in RSA 408-B:5, I against failure in the performance of contractual obligations, under life and health insurance policies and annuity contracts specified in RSA 408-B:5, II, because of the impairment or insolvency of the member insurer that issued the policies or contracts.
II. To provide this protection, an association of insurers is created to pay benefits and to continue coverages as limited herein, and members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.
Source. 1995, 305:1, eff. Jan. 1, 1996.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
