New Hampshire Revised Statutes 408:1 – Power of Commissioner
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 408:1
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Notwithstanding any other provision of law, the commissioner shall have sole authority to regulate the issuance and sale of life insurance, annuities, and variable products thereof. The commissioner may adopt rules as necessary to implement the provisions of this chapter. The commissioner may promulgate rules relating to protecting against the exploitation of the elderly and in home solicitation for life insurance policies and annuity contracts.