RSA 408-D:5 · Approval of Life Settlement Contracts and Life Settlement Provider Disclosure Statements

408-D:5 Approval of Life Settlement Contracts and Life Settlement Provider Disclosure Statements. –

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I.

A person shall not use a life settlement contract form or provide to a viator a disclosure statement form in this state unless first filed with and approved by the commissioner.

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II.

The commissioner shall disapprove a life settlement contract form or disclosure statement form if, in the commissioner's opinion, the life settlement contract or provisions contained therein fail to meet the requirements of RSA 408-D:9, RSA 408-D:11, RSA 408-D:14 and RSA 408-D:15, II, or are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the viator. At the commissioner's discretion, the commissioner may require the submission of advertising material. Source. 2010, 132:1, eff. June 14, 2010.

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