New Hampshire Statutes
§ 408:24 — Insurance Company Not a Trustee
Amounts allocated by an insurance company to separate accounts in the exercise of the power granted by this chapter shall be owned by the insurance company, and the insurance company shall not be, or hold itself out to be, a trustee in respect to such amounts. To the extent so provided under the applicable contracts, that portion of the assets of any such separate account equal to the reserves and other contract liabilities, with respect to the account, shall not be chargeable with liabilities arising out of any other business the insurance company may conduct.
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New Hampshire § 408:24 (Insurance Company Not a Trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2022, 144:1, eff. Jan. 1, 2023.
Nearby Sections
15
§ 408:1
Power of Commissioner§ 408:10
Change in Beneficiary§ 408:12
Electronic Mail§ 408:15
Group Standard Provisions§ 408:16
Assignment of Interest§ 408:18
Prohibited Provisions§ 408:2
Certificate of Authority§ 408:20
Group Annuities Defined§ 408:21
Definitions§ 408:22
Authorization