RSA 408:11 Interest Payment on Claims for Death Benefits.

I. Any policy or contract containing a death benefit shall contain a provision for the payment of interest on the death benefit, as follows:
(a) Interest shall accrue and be payable from the date of death.
(b) Interest shall accrue at the rate or rates applicable to the policy for funds left on deposit or, if the company has not established a rate for funds left on deposit, at the Two Year Treasury Constant Maturity Rate as published by the Federal Reserve. In determining the effective annual rate or rates, the company shall use the rate in effect on the date of death.
(c) Interest shall accrue at the effective annual rate determined in subparagraph (b), plus additional interest at a rate of 10 percent annually, beginning with the date that is 31 calendar days from