RSA 408:4 · Form Review

408:4 Form Review. –

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I.

No policy, contract, certificate, document, or other form related to life insurance or annuities shall be issued or delivered to any person in this state until a copy thereof has been submitted to the commissioner for review to determine whether it is in compliance with Title XXXVII and rules adopted thereunder.

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II.

The commissioner may, within 30 days after the filing of any such form, disapprove such form:

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(a)

If it contains a provision or provisions which are unjust, unfair, inequitable, misleading, deceptive, or encourage misrepresentation of such policy; or

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(b)

If it does not comply with the requirements of Title XXXVII or rules adopted thereunder.

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III.

If the commissioner disapproves a form, it shall be unlawful thereafter for the insurer to issue the form or use it in connection with any policy, contract, or certificate. The commissioner shall issue a notice of disapproval, specify the reasons for disapproval in the notice, and state that a hearing shall be granted in accordance with RSA 400-A:17 upon request in writing by the insurer. Source. 2022, 144:1, eff. Jan. 1, 2023.

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