N.H. Rev. Stat. § 408-A:3

Current through the 2024 Legislative

Section 408-A:3 - Forms of Credit Life Insurance and Credit Accident and Health Insurance

Credit life insurance and credit accident and health insurance shall be issued only in the following forms:

I.Individual policies of life insurance issued to debtors on the term plan;

II.Individual policies of accident and health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

III.Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

IV.Group policies of accident and health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

RSA 408-A:3

1959, 66:1, eff. June 22, 1959.