§431:10D-116  Prohibited policy plans. No life insurer shall issue for delivery or deliver in this State any lifeinsurance policy:

(1)  Issued under any plan for the segregation ofpolicyholders into mathematical groups and providing benefits for a survivingpolicyholder of a group arising out of the death of another policyholder ofsuch group, or under any other similar plan.

(2)  Providing benefits or values for surviving orcontinuing policyholders contingent upon the lapse or termination of the policiesof other policyholders, whether by death or otherwise. [L 1987, c 347, pt of§2]