TITLE I
THE STATE AND ITS GOVERNMENT
Chapter 4-B
TERM INSURANCE FOR THE GOVERNOR
Section 4-B:1
4-B:1 Definitions. –
In this chapter:
I. "Commissioner" means the commissioner of administrative services.
II. "Governor" means the person selected governor pursuant to Pt. II, Art. 42 of the New Hampshire constitution.
Source. 1985, 399:30, eff. July 1, 1985.
Section 4-B:2
4-B:2 Contracts. –
The commissioner shall enter into a term life insurance contract with an insurance company licensed to do business in this state. The face value death benefit provided by the contract shall equal the amount set forth in RSA 4-B:3.
Source. 1985, 399:30, eff. July 1, 1985.
Section 4-B:3
4-B:3 Term Life Insurance. –
The state shall provide a term life insurance policy for any governor. The policy shall provide a face value death benefit in an amount equal to the annual salary provided the governor in RSA 94:1-a. The state shall pay all premiums associated with the policy. The policy shall be in effect only as long as the governor serves in that capacity.
Source. 1985, 399:30, eff. July 1, 1985.
Section 4-B:4
4-B:4 Beneficiary. –
The beneficiary with respect to the face value death benefit shall be designated by the governor.
Source. 1985, 399:30, eff. July 1, 1985.