Section Ins 302.01 - Purpose(a) The purpose of this part is: (1) To regulate the activities of insurers and producers with respect to the replacement of existing life insurance and annuities; and(2) To protect the interests of life insurance and annuity purchasers by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions. It will:a. Assure that purchasers receive information with which a decision can be made in their own best interest;b. Reduce the opportunity for misrepresentation and incomplete disclosure; andc. Establish penalties for failure to comply with requirements of this part.N.H. Admin. Code § Ins 302.01
#7537, eff 8-1-01; ss by #9571, eff 10-21-09
Amended by Volume XXXVII Number 37, Filed September 14, 2017, Proposed by #12375, Effective 10/21/2017, Expires 10/21/2027.