405:1 Requirement. – No insurance company not organized under the laws of this state shall do insurance business within the state unless it has obtained a license from the insurance commissioner authorizing it to do so. Source. GL 174:22. 1889, 86:1. PS 169:1. PL 275:1. RL 325:1.
405:10 Service of Process Through Insurance Commissioner. – No such joint stock or mutual insurance company, nor its agents, shall do business in this state until it has filed with the commissioner a written stipulation, agreeing that legal process affecting the company, served on the commissioner for the time being, shall have the same […]
405:11 Preliminary Statements. – Before a license is granted to a company it shall file with the commissioner a certified copy of its charter and by-laws and a full statement, under oath, of its president and secretary, showing the financial standing and condition of the company, in accordance with blanks furnished by the commissioner, […]
405:11-a Prohibitions. – I. No foreign 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 […]
405:12 Licenses. – I. If the foregoing provisions are complied with and the commissioner is satisfied that the company (a) has the requisite capital and assets; (b) is a safe, reliable company, entitled to confidence; and (c) is consistent with the NAIC’s Uniform Certificate of Authority Application process and standards, the commissioner shall grant […]
405:13 Revocation or Restriction of License. – Such license may be revoked or restricted at any time by the commissioner for the causes and in the manner prescribed by law. Source. GL 174:2. 1889, 86:1. PS 169:6. PL 275:12. RL 325:13. RSA 405:13. 1975, 229:2, eff. Aug. 2, 1975.
405:14 Notice of Revocation. – If, in the opinion of the commissioner, the affairs of a foreign company so licensed are in an unsound or failing condition he shall revoke its license and all licenses that have been granted to its agents, by giving written notice of the revocation to the company and publishing […]
405:14-a New License Required for Changed Conditions. – The commissioner shall require a company licensed under this chapter to apply for a 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 or […]
405:15 Definition; 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. 1915, 32:1. 1919, 18:1. PL 275:17. RL 325:18. 2000, 315:10, eff. Jan. 1, 2001.
405:16 Repealed by 2000, 315:26, XII, eff. Jan. 1, 2001. –
405:17 Repealed by 2000, 315:26, XIII, eff. Jan. 1, 2001. –
405:17-a Repealed by 2000, 315:26, XIV, eff. Jan. 1, 2001. –
405:17-b Insuring Through Producers. – I. Foreign insurance or surety companies, although authorized to transact business within this state, shall only make, write, place, or cause to be made, written, or placed, policies or contracts of insurance or suretyship which are to be effective within this state through producers who are licensed and properly […]
405:17-c 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 […]
405:18 Repealed by 1981, 4:1, eff. March 6, 1981. –
405:19 Repealed by 1981, 4:2, eff. March 6, 1981. –
405:2 Stock Company. – No such stock insurance company shall be licensed to do business in the state unless it shall possess a paid-up capital of $800,000, invested in securities readily convertible into cash, 1/2 at least of which are not loans secured by real estate; nor unless it shall possess, in addition to […]
405:20, 405:21 Repealed by 1967, 237:3, eff. Aug. 22, 1967. –
405:22 Repealed by 1981, 4:3, eff. March 6, 1981. –
405:23 Repealed by 1981, 4:4, eff. March 6, 1981. –
