New Hampshire § 408:35 Prohibiting Sales

New Hampshire Statutes

§ 408:35 — Prohibiting Sales

New Hampshire § 408:35

Title XXXVIIINSURANCE

Ch. 408LIFE INSURANCE

SubdivisionVariable Products

This text of New Hampshire § 408:35 (Prohibiting Sales) 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. § 408:35 (2026).

Text

If the commissioner is of the opinion that any variable product is of such a character that there is a serious financial danger to the purchaser in buying it, or that the circulars and advertisements do not disclose pertinent facts sufficient to enable intending purchasers to form a correct judgment of the nature and value of the variable product, the commissioner may prohibit the sale or advertisement of said variable product.

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If the commissioner is of the opinion that any variable product is of such a character that there is a serious financial danger to the purchaser in buying it, or that the circulars and advertisements do not disclose pertinent facts sufficient to enable intending purchasers to form a correct judgment of the nature and value of the variable product, the commissioner may prohibit the sale or advertisement of said variable product.