Section 418:26 – Annual License.
418:26 Annual License. – On compliance with the foregoing conditions and if the society is found upon examination made by or under the direction of the commissioner to have complied with the laws of the state applicable to it, a license to transact business in this state shall be issued until June 14 thereafter. […]
Section 418:27 – Examination of Domestic Societies; No Adverse Publications.
418:27 Examination of Domestic Societies; No Adverse Publications. – I. The commissioner, or any person he or she may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this state in the same manner as provided in RSA 400-A:37 and RSA 400-A:38 for examination of […]
Section 418:28 – Foreign or Alien Society Admission.
418:28 Foreign or Alien Society Admission. – I. No foreign or alien society shall transact business in this state without a license issued by the commissioner. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be […]
Section 418:29 – Suspension or Revocation of License.
418:29 Suspension or Revocation of License. – I. When the commissioner upon investigation finds that a domestic, foreign or alien society has exceeded its powers; has failed to comply with any provision of this chapter; is not fulfilling its contracts in good faith; has a membership of less than 400 after an existence of […]
Section 418:30 – Injunction.
418:30 Injunction. – No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this state unless made by the attorney general upon request of the commissioner. Source. 2003, 182:1, eff. Jan. 1, 2004.
Section 418:31 – Licensing of Agents.
418:31 Licensing of Agents. – I. Agents of societies shall be licensed in accordance with the provisions of RSA 402-J regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents. [Paragraph II effective until January 1, 2023; see also paragraph II set out below.] II. Any person who acts in […]
Section 418:16 – Beneficiaries.
418:16 Beneficiaries. – I. The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevocable. A society may, through […]
Section 418:17 – Benefits Not Attachable.
418:17 Benefits Not Attachable. – No money or other benefit, charity, relief or aid to be paid, provided or rendered by any society, shall be liable to attachment, garnishment or other process, or to be seized, taken, appropriated or applied by any legal or equitable process or operation of law to pay any debt […]
Section 418:18 – The Benefit Contract.
418:18 The Benefit Contract. – I. Every society authorized to do business in this state shall issue to each owner of a benefit contract a certificate specifying the amount of benefits provided in such contract. The certificate, together with any riders or endorsements, the laws of the society, the application for membership, the application […]
Section 418:19 – Nonforfeiture Benefits, Cash Surrender Values, Certificate Loans and Other Options.
418:19 Nonforfeiture Benefits, Cash Surrender Values, Certificate Loans and Other Options. – I. For certificates issued prior to one year after the effective date of this act, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan or other option granted shall comply with the provisions of law […]