New Hampshire Revised Statutes 408-D:5 – Approval of Life Settlement Contracts and Life Settlement Provider Disclosure Statements
Current as of: 2023 | Check for updates
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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.
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 N.H. Rev. Stat. § 408-D:9, N.H. Rev. Stat. § 408-D:11, N.H. Rev. Stat. § 408-D:14 and N.H. Rev. Stat. § 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.
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 N.H. Rev. Stat. § 408-D:9, N.H. Rev. Stat. § 408-D:11, N.H. Rev. Stat. § 408-D:14 and N.H. Rev. Stat. § 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.
Terms Used In New Hampshire Revised Statutes 408-D:5
- Contract: A legal written agreement that becomes binding when signed.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4