Section 408-A:7 – Filing, Approval and Withdrawal of Forms.
408-A:7 Filing, Approval and Withdrawal of Forms. – 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 policies, certificates […]
Section 408-A:8 – Premiums and Refunds.
408-A:8 Premiums and Refunds. – 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 schedules with the commissioner. […]
Section 408-A:9 – Issuance of Policies.
408-A:9 Issuance of Policies. – 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 by the commissioner unless […]
Section 408-A:1 – Purpose.
408-A:1 Purpose. – The purpose of this chapter is to promote the public welfare by regulating credit life insurance and credit accident and health insurance. Nothing in this chapter is intended to prohibit or discourage reasonable competition. The provisions of this chapter shall be liberally construed. Source. 1959, 66:1, eff. June 22, 1959.
Section 408-A:2 – Scope and Definitions.
408-A:2 Scope and Definitions. – I. This chapter may be cited as "The Model Act for the Regulation of Credit Life Insurance and Credit Accident and Health Insurance." II. All life insurance and all accident and health insurance sold in connection with loans or other credit transactions shall be subject to the provisions of […]
Section 408-A:3 – Forms of Credit Life Insurance and Credit Accident and Health Insurance.
408-A:3 Forms of Credit Life Insurance and Credit Accident and Health Insurance. – Credit life insurance and credit accident and health insurance shall be issued only in the following forms: I. Individual policies of life insurance issued to debtors on the term plan; II. Individual policies of accident and health insurance issued to debtors […]