New Hampshire § 410:13 Reserve Calculation;  Indeterminate Premium Plans

New Hampshire Statutes

§ 410:13 — Reserve Calculation; Indeterminate Premium Plans

New Hampshire·Title XXXVII INSURANCE·Ch. 410 STANDARD VALUATION LAW

In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on its estimates of future experience, or in the case of a plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in RSA 410:8, 410:9 and 410:12, the reserves that are held under the plan shall:

I.Be appropriate in relation to the benefits and the pattern of premiums for that plan; and

II.Be computed by a method that is consistent with the principles of this chapter as determined by rules adopted by the commissioner pursuant to RSA 541-A.

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In the case of a plan of life insurance that provides for future premium determination, the amounts of which are to be determined by the insurance company based on its estimates of future experience, or in the case of a plan of life insurance or annuity that is of such a nature that the minimum reserves cannot be determined by the methods described in RSA 410:8, 410:9 and 410:12, the reserves that are held under the plan shall:
I. Be appropriate in relation to the benefits and the pattern of premiums for that plan; and
II. Be computed by a method that is consistent with the principles of this chapter as determined by rules adopted by the commissioner pursuant to RSA 541-A.

New Hampshire § 410:13 (Reserve Calculation; Indeterminate Premium Plans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.