New Hampshire § 409:4 Minimum Nonforfeiture Benefits

New Hampshire Statutes

§ 409:4 — Minimum Nonforfeiture Benefits

New Hampshire § 409:4

Title XXXVIIINSURANCE

Ch. 409STANDARD NONFORFEITURE LAW FOR LIFE INSURANCE

This text of New Hampshire § 409:4 (Minimum Nonforfeiture Benefits) 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. § 409:4 (2026).

Text

Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this chapter in the absence of the condition that premiums shall have been paid for at least a specified period.

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Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this chapter in the absence of the condition that premiums shall have been paid for at least a specified period.