RSA 409-A:3 Compulsory Contract Provisions.

I. In the case of contracts issued on or after the operative date of this chapter as defined in RSA 409-A:10, no contract of annuity, except as stated in RSA 409-A:2, shall be delivered or issued for delivery in this state unless it contains in substance the following provisions, or corresponding provisions which in the opinion of the commissioner are at least as favorable to the contract holder, upon cessation of payment of considerations under the contract:
(a) That upon cessation of payment of considerations under a contract, the company will grant a paid-up annuity benefit on a plan stipulated in the contract of such value as is specified in RSA 409-A:5, 409-A:6, 409-A:7, 409-A:8 and 409-A:9, I.
(b) If a contract provides for a lump sum settlement at maturity, or at