Section 402:20 – Repealed by 2000, 315:26, VI, eff. Jan. 1, 2001.

    402:20 Repealed by 2000, 315:26, VI, eff. Jan. 1, 2001. –

Section 402:21 – Repealed by 2000, 315:26, VII, eff. Jan. 1, 2001.

    402:21 Repealed by 2000, 315:26, VII, eff. Jan. 1, 2001. –

Section 402:22 – Repealed by 2000, 315:26, VIII, eff. Jan. 1, 2001.

    402:22 Repealed by 2000, 315:26, VIII, eff. Jan. 1, 2001. –

Section 402:23 – Repealed by 2000, 315:26, IX, eff. Jan. 1, 2001.

    402:23 Repealed by 2000, 315:26, IX, eff. Jan. 1, 2001. –

Section 402:24 – Repealed by 1971, 244:19, II, eff. Aug. 17, 1971.

    402:24 Repealed by 1971, 244:19, II, eff. Aug. 17, 1971. –

Section 402:25 – Repealed by 2000, 315:26, X, eff. Jan. 1, 2001.

    402:25 Repealed by 2000, 315:26, X, eff. Jan. 1, 2001. –

Section 402:26 – Repealed by 2000, 315:26, XI, eff. Jan. 1, 2001.

    402:26 Repealed by 2000, 315:26, XI, eff. Jan. 1, 2001. –

Section 402:27 – Scope of Subdivision.

    402:27 Scope of Subdivision. – I. This subdivision applies to insurance companies organized under the laws of this state, other than life insurance companies. The percentage limitations contained in RSA 402:28 and RSA 402:29 shall not be effective until January 1, 1993. Any such domestic company may invest its funds in investments as provided […]

Section 402:28 – Types of Investments.

    402:28 Types of Investments. – I. Except for those investments which are authorized by RSA 401-B:2, which investments shall be governed exclusively by those sections respectively, every domestic insurance company, other than a life insurance company, shall invest and keep invested all its funds in investments enumerated below, except such cash as may be […]

Section 402:29 – Loans to Transferred Employees.

    402:29 Loans to Transferred Employees. – A company may lend funds, on a secured basis, to an employee to defray, in whole or in part, the expenses of such employee who has been transferred. The maximum amount of any such loan to an employee shall be $250,000. This section also shall not prohibit the […]

Section 402:29-a – Lawful Distributions.

    402:29-a Lawful Distributions. – I. Nothing in this subdivision shall prohibit the acquisition by a domestic company of other or additional securities or property if received as a dividend or as a lawful distribution of assets, or upon a debt or judgment, or under a lawful and bona fide agreement of bulk reinsurance, merger, […]

Section 402:29-b – Prohibited Acts.

    402:29-b Prohibited Acts. – No director or other officer of a company, and no member of a committee having any authority in the investment or disposition of its funds, shall accept, or be the beneficiary of, either directly or indirectly, any fee, brokerage, commission, gift or other consideration for or on account of any […]

Section 402:29-c – Purchasing Its Own Stock.

    402:29-c Purchasing Its Own Stock. – No company shall invest its funds in, or loan them on its own stock without the prior approval of the insurance commissioner. This section shall not prohibit a company from investing its funds in the stock or obligations of its parent company provided that: I. Such stock shall […]

Section 402:29-d – Quantitative Limitations.

    402:29-d Quantitative Limitations. – I. Except for investments in subsidiaries, an insurer shall not acquire: (a) Directly or indirectly through an investment subsidiary, an investment under this chapter if, as a result of and after giving effect to the investment, the insurer would hold more than 5 percent of its admitted assets in investments […]

Section 402:3 – Assessment.

    402:3 Assessment. – No person insured in such company, or in any class thereof, in which the amount insured is less than $50,000, shall be assessed any greater sum than he would be if that amount were insured; but the officers of the company shall be individually liable for the indebtedness of the company […]

Section 402:30 – Valuation of Securities.

    402:30 Valuation of Securities. – Investments shall be valued as follows: I. Securities held in accordance with the provisions of this subdivision shall be valued in accordance with the published valuation standards of the Securities Valuation Office of the National Association of Insurance Commissioners. II. Securities as to which the National Association of Insurance […]

Section 402:30-a – Rulemaking.

    402:30-a Rulemaking. – The commissioner may adopt rules, under RSA 541-A, which are reasonable and necessary for the implementation and administration of this chapter relative to: I. Financial solvency standards, for investments under RSA 402:28. II. Valuation standards, for investments under RSA 402:28. III. Reporting requirements, for investments under RSA 402:28. IV. Valuation of […]

Section 402:30-b – Misconduct.

    402:30-b Misconduct. – If an insurance company organized under the laws of this state shall be guilty of gross waste, misconduct or negligence in the management of its affairs, its charter or authority to do business shall be liable to forfeiture as provided in this subdivision. Source. 1975, 311:1, eff. Aug. 6, 1975.

Section 402:30-c – Petition.

    402:30-c Petition. – Whenever the commissioner is of the opinion that any such cause for revocation exists he shall file a petition against the company in the superior court of the county in which it has its principal place of business, praying for a decree of forfeiture and for a settlement of its affairs, […]

Section 402:30-d – Prosecution.

    402:30-d Prosecution. – The attorney general shall act for the commissioner in making and prosecuting the petition. The incidental expenses of the prosecution shall be paid by the state. Source. 1975, 311:1, eff. Aug. 6, 1975.