New Hampshire § 408:24 Insurance Company Not a Trustee

New Hampshire Statutes

§ 408:24 — Insurance Company Not a Trustee

New Hampshire § 408:24

Title XXXVIIINSURANCE

Ch. 408LIFE INSURANCE

SubdivisionSeparate Accounts

This text of New Hampshire § 408:24 (Insurance Company Not a Trustee) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 408:24 (2026).

Text

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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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.