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.
[RSA 408:18 effective January 1, 2023. For provisions relating to life insurance effective until January 1, 2023, see RSA 408:1 to 408:63.]
408:18 Prohibited Provisions. –
No group life insurance policy or certificate shall contain any provision that reduces or denies any benefit otherwise payable because a pre-existing medical or health condition contributed to the death or disability of the insured. No group life insurance policy or certificate shall contain any provisions that exclude benefits for specified illnesses or medical conditions of the insured or which impose additional waiting periods for pre-existing conditions or specified illnesses or medical conditions of the insured. An insurer may require that an insured be actively at work in order to be eligible for any benefits of the policy or certificate.
Source. 2022, 144:1, eff. Jan. 1, 2023.