New Hampshire Revised Statutes 408:2 – Certificate of Authority
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Terms Used In New Hampshire Revised Statutes 408:2
- 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.
- 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
No person may issue a life insurance policy or annuity contract without first obtaining a certificate of authority from the commissioner.