402:1 Members’ Liability. – Members of mutual insurance companies shall not be individually liable to pay any debts of their respective companies, beyond their liability to assessments for losses occurring therein, nor to such assessments beyond the amount of their deposit notes. Source. 1847, 501:1. CS 154:2. GS 158:1. GL 173:1. PS 168:1. PL […]
402:10 Requirement. – No insurance company organized under the laws of this state shall do insurance business unless it has obtained a license from the insurance commissioner authorizing it to do so. Source. 1903, 18:1. PL 273:9. RL 323:10.
402:11 Information. – Before a license is granted to the company it shall file with the commissioner a certified copy of its charter and bylaws, a certificate giving the amount of capital paid in in cash, and a full statement, under oath of its president and secretary, showing its financial standing and condition in […]
402:11-a Prohibitions. – I. No insurer which is directly or indirectly owned or controlled in whole or in substantial part by any government or governmental agency shall be authorized to transact insurance in this state. Membership in a mutual insurer or subscribership in a reciprocal insurer or ownership of stock in an insurer by […]
402:12 Licenses. – I. On compliance with the foregoing conditions and if the company is found upon examination made by or under the direction of the commissioner to (a) have complied with the laws of the state applicable to it; (b) have been consistent with the NAIC’s Uniform Certificate of Authority Application process and […]
402:13 Stock Companies. – No such license shall be issued to a stock company unless in addition to its paid-up capital it shall have a surplus over all liabilities, consisting of money or other lawful assets, to an amount not less than 25 percent of its capital stock. Source. 1917, 78:2. PL 273:12. RL […]
402:14 Mutual Companies. – No such license shall be issued to a mutual insurance company which charges a full cash premium, unless it has applications for insurance aggregating not less than $500,000 in not less than 200 separate risks, upon which it shall have received in cash at least one premium for a term […]
402:14-a New License Required for Changed Conditions. – The commissioner shall require a company licensed under this chapter to apply for a new license in accordance with this chapter, if, after notifying the company and after holding a hearing if requested, the commissioner finds that the company has undergone a substantial change in finances […]
402:15 Eligibility as Agent. – An insurance producer license to act as an agent shall be issued to any eligible person or business entity pursuant to the provisions of RSA 402-J. Source. 1933, 124:2. RL 323:16. RSA 402:15. 1969, 366:1. 2000, 315:9, eff. Jan. 1, 2001.
402:15-a Transactions Through Credit Card Facilities. – I. No person may knowingly solicit or negotiate any insurance, seek or accept applications for insurance, issue or deliver any policy to or for any insurer or relative to a subject of insurance resident, located or to be performed in this state, through the arrangement or facilities […]
402:15-b Direct Billing Restricted. – No insurer authorized and licensed to issue policies of insurance other than life and accident and health insurance and to transact business in this state shall demand or make mandatory upon any agent so licensed in this state, any system of direct billing to the insured by the insurer […]
402:15-c Termination of Insurance Agency Contracts. – I. Any insurance company authorized to transact fire or casualty business in this state shall, upon termination of an agent’s appointment by said company, permit the renewal of all contracts of insurance written by such agent for a period of one year from the date of such […]
402:16 Repealed by 2000, 315:26, I, eff. Jan. 1, 2001. –
402:16-a Repealed by 2015, 62:2, eff. Aug. 31, 2015. –
402:16-b Insurance Referrals. – Notwithstanding other provisions of this title, a person who has not complied with all applicable state insurance licensing and appointment laws and regulations may refer a party to a person who has complied with all applicable state insurance licensing and appointment laws and regulations, if the person making such referral […]
402:17 Repealed by 2000, 315:26, II, eff. Jan. 1, 2001. –
402:18 Repealed by 2000, 315:26, III, eff. Jan. 1, 2001. –
402:18-a Repealed by 2000, 315:26, IV, eff. Jan. 1, 2001. –
402:19 Repealed by 2000, 315:26, V, eff. Jan. 1, 2001. –
402:2 Contingent Liability. – Any mutual fire or casualty insurance company organized under the laws of this state, which charges a full cash premium, may limit the liability of policyholders to assessment by a stipulation in the policy, which shall have the same effect as a deposit note signed by the insured; but such […]
