408:21 Definitions. –
I. "Separate account" shall mean a segregated investment account maintained by an insurance company.
II. "Variable products" shall mean any life insurance policy or annuity contract issued by an insurance company which provides that the dollar amount of benefits or other contractual payments thereunder may vary according to the investment experience of any separate account or accounts maintained by the insurance company in which amounts received in connection with such policies or contracts have been placed. Variable products shall not be deemed subject to RSA 421-B.