Section 411-A:27 – Policy Loans.
411-A:27 Policy Loans. – An insurer may lend to a policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash surrender value of the policy; or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is […]
Section 411-A:28 – Collateral Loans.
411-A:28 Collateral Loans. – An insurer may lend its funds upon the pledge of securities eligible for investment under this chapter. No such loan shall exceed the market value of such collateral pledged. Source. 1978, 11:1. 2009, 186:11, eff. Jan. 1, 2010.
Section 411-A:29 – Foreign Investments and Foreign Currency Exposure.
411-A:29 Foreign Investments and Foreign Currency Exposure. – I. Subject to the limitations of RSA 411-A:6, an insurer may acquire foreign investments, or engage in investment practices with persons of or in foreign jurisdictions, of substantially the same types as those that an insurer is permitted to acquire under this chapter, if, as a […]
Section 411-A:30 – Miscellaneous Investments.
411-A:30 Miscellaneous Investments. – I. An insurer may make loans or investments not otherwise expressly permitted under this chapter and may make loans or investments in amounts in excess of limits set forth in this chapter, in an aggregate amount not over 10 percent of the insurer’s assets, if such loan or investment qualifies […]
Section 411-A:31 – Conversion and Incidental Rights.
411-A:31 Conversion and Incidental Rights. – Nothing in this chapter shall be deemed to prohibit an insurer from making an investment otherwise authorized under this chapter, because the investment is convertible into other securities in which the insurer is not permitted to invest under this chapter, or because the insurer receives in connection with […]
Section 411-A:32 – Time Limit for Disposal of Real Estate.
411-A:32 Time Limit for Disposal of Real Estate. – I. Except as stated in paragraph II, or unless the insurer elects to hold the real estate as an investment under RSA 411-A:23, I(g): (a) An insurer shall dispose of real estate acquired under RSA 411-A:23, I(a) within 5 years after it has ceased to […]
Section 411-A:17 – Equipment Trust Certificates.
411-A:17 Equipment Trust Certificates. – An insurer may invest in equipment trust obligations or certificates which are adequately secured, or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States or Canada and a right to receive determined portions of rental, purchase or other fixed […]
Section 411-A:18 – Bank Deposits.
411-A:18 Bank Deposits. – An insurer may have any of its cash funds on deposit in checking or savings accounts, under certificates of deposit, or in any other form in solvent banks or trust companies. Source. 1978, 11:1, eff. July 1, 1978.
Section 411-A:19 – Savings and Share Accounts.
411-A:19 Savings and Share Accounts. – An insurer may invest in share or savings accounts of savings and loan or building and loan associations to the extent that the investment is insured by the Federal Savings and Loan Insurance Corporation or the Federal Deposit Insurance Corporation. Source. 1978, 11:1, eff. July 1, 1978.
Section 411-A:20 – Hydrocarbon Production Payments.
411-A:20 Hydrocarbon Production Payments. – An insurer may invest in production payments, or interests therein evidenced by trust certificates or other instruments, payable from oil, gas or other hydrocarbons in producing properties located in the United States or the adjacent continental shelf if an obligation secured by and payable from such production payment or […]