# N.H. Rev. Stat. § 404-D:2: 404-D:2 Purpose

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S2

## Section

- **Citation:** N.H. Rev. Stat. § 404-D:2
- **Heading:** 404-D:2 Purpose
- **Jurisdiction:** New Hampshire
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NH Code / Title XXXVII / Chapter 404-D / Section 2

## Text

The purpose of this chapter is to maintain public confidence in the promises of insurers by providing a mechanism for protecting policyowners, insureds, beneficiaries, annuitants, payees, and assignees of life insurance policies, health insurance policies, annuity contracts, and supplemental contracts, against failure in the performance of fair and equitable contractual obligations due to the impairment of the insurer issuing such policies or contracts. To provide this protection: I. An association of insurers is created to enable the guaranty of payment of benefits and of continuation of coverages; II. Members of the association are subject to assessment to provide funds to carry out the purpose of this chapter; and III. The association is authorized to assist the commissioner, in the prescribed manner, in the detection and prevention of insurer impairments.

## Nearby sections

- [N.H. Rev. Stat. § 404-D:1 404-D:1 Title.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S1.md)
- [N.H. Rev. Stat. § 404-D:2 404-D:2 Purpose.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S2.md)
- [N.H. Rev. Stat. § 404-D:3 404-D:3 Scope.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S3.md)
- [N.H. Rev. Stat. § 404-D:4 404-D:4 Construction.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S4.md)
- [N.H. Rev. Stat. § 404-D:5 404-D:5 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S5.md)
- [N.H. Rev. Stat. § 404-D:6 404-D:6 Creation of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S6.md)
- [N.H. Rev. Stat. § 404-D:7 404-D:7 Board of Directors.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S7.md)
- [N.H. Rev. Stat. § 404-D:8 404-D:8 Powers and Duties of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S8.md)
- [N.H. Rev. Stat. § 404-D:9 404-D:9 Assessments.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S9.md)
- [N.H. Rev. Stat. § 404-D:10 404-D:10 Plan of Operation.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S10.md)
- [N.H. Rev. Stat. § 404-D:11 404-D:11 Duties and Powers of the Commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S11.md)
- [N.H. Rev. Stat. § 404-D:12 404-D:12 Prevention of Impairments.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S12.md)
- [N.H. Rev. Stat. § 404-D:13 404-D:13 Appointment of Association Nominee.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S13.md)
- [N.H. Rev. Stat. § 404-D:14 404-D:14 Miscellaneous Provisions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C404-D_S2. Check the current official text before relying on it. Not legal advice.