Section 409-A:1 – Short Title.

    409-A:1 Short Title. – This chapter shall be known as the Standard Nonforfeiture Law For Individual Deferred Annuities. Source. 1979, 360:4, eff. Aug. 22, 1979.

Section 409-A:10 – Operative Date.

    409-A:10 Operative Date. – After August 1, 1979, any company may file with the commissioner a written notice of its election to comply with the provisions of this chapter after a specified date before August 1, 1981. After filing of such notice, then upon such specified date, which shall be the operative date of […]

Section 409-A:2 – Exemptions.

    409-A:2 Exemptions. – This chapter shall not apply to any reinsurance group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer (including a partnership or sole proprietorship) or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement […]

Section 409-A:3 – Compulsory Contract Provisions.

    409-A:3 Compulsory Contract Provisions. – I. In the case of contracts issued on or after the operative date of this chapter as defined in RSA 409-A:10, no contract of annuity, except as stated in RSA 409-A:2, shall be delivered or issued for delivery in this state unless it contains in substance the following provisions, […]

Section 409-A:4 – Minimum Nonforfeiture Amounts.

    409-A:4 Minimum Nonforfeiture Amounts. – The minimum values as specified in RSA 409-A:5, 409-A:6, 409-A:7, 409-A:8 and 409-A:9, I of any paid-up annuity, cash surrender, or death benefits available under an annuity contract shall be based upon minimum nonforfeiture amounts as defined in this section. I. The minimum nonforfeiture amount at any time at […]

Section 409-A:5 – Computation of Annuity Benefit.

    409-A:5 Computation of Annuity Benefit. – Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. Such present value shall be computed using the mortality table, if any, and […]

Section 409-A:6 – Computation of Cash Surrender Benefits.

    409-A:6 Computation of Cash Surrender Benefits. – For contracts which provide cash surrender benefits, such cash surrender benefits available prior to maturity shall not be less than the present value as of the date of surrender of that portion of the maturity value of the paid-up annuity benefit which would be provided under the […]

Section 409-A:7 – Computation of Paid-up Annuity Nonforfeiture Benefits.

    409-A:7 Computation of Paid-up Annuity Nonforfeiture Benefits. – For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time prior to maturity shall not be less than the present value of that portion of the maturity value of the paid-up […]

Section 409-A:8 – Determination of Maturity Date.

    409-A:8 Determination of Maturity Date. – For the purpose of determining the benefits calculated under RSA 409-A:6 and 409-A:7, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which […]

Section 409-A:9 – Calculations of Values; Supplemental Rules.

    409-A:9 Calculations of Values; Supplemental Rules. – I. Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of […]