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.
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 […]
411-A:3 Eligible Investments. – I. Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter. II. Any investment made or acquired by an insurer prior to July 1, 1978, which investment was permitted by statute at the time […]
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 […]
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 […]
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 […]
411-A:33 Time Limit for Disposal of Other Ineligible Property and Securities. – Any personal property or securities lawfully acquired by an insurer, which it could not otherwise have invested in or loaned its funds upon at the time of such acquisition, shall be disposed of within 5 years from date of acquisition, unless within […]
411-A:34 Failure to Dispose of Real Estate or Securities; Effect; Penalty. – I. Any real estate, personal property, or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof or any extension of such period granted by the commissioner as provided in RSA 411-A:32 and 411-A:33 shall not […]
411-A:35 Prohibited Investment and Investments Underwriting. – I. In addition to investments excluded pursuant to other provisions of this chapter, an insurer shall not invest in or lend its funds upon the security of: (a) Issued shares of its own capital stock, except: (1) For the purpose of mutualization; or (2) For retirement; or […]
411-A:36 Investments of Foreign and Alien Life Insurance Companies. – The investment portfolio of foreign or alien life insurance companies shall be as permitted by the laws of their domicile if of a quality substantially equal to that required under this chapter for similar funds of like domestic insurers. Source. 1978, 11:1, eff. July […]
411-A:36-a Valuation of Securities. – Securities held in accordance with the provisions of this chapter shall be valued in accordance with the published valuation standards of the Securities Valuation Office of the National Association of Insurance Commissioners. Source. 1992, 288:21, eff. Jan. 1, 1993.
411-A:37 Rules and Regulations. – The commissioner may issue such rules, regulations and orders as may be necessary to carry out the purpose and provisions of this chapter. Source. 1978, 11:1, eff. July 1, 1978.
411-A:4 General Qualifications. – I. Unless specifically authorized by a provision of this chapter, no security investment shall be eligible for acquisition, unless it is interest bearing or interest accruing or entitled to dividends or is otherwise income earning, is not then in default in any respect, and the insurer is entitled to receive […]
411-A:5 Authorization; Record of Investments. – An insurer shall not make any investment of loan, other than policy loans or annuity contract loans, unless the same is authorized or approved by the insurer’s board of directors; provided however, that nothing in this chapter shall prohibit an insurer’s board of directors from delegating its authority […]
411-A:6 Diversification. – I. An insurer shall not at any one time have any combination of investments in or loans upon the security of obligations, property or securities of any one municipal corporation, institution, person or corporation (other than its lawful subsidiary) aggregating over 10 percent of the insurer’s assets. This shall not apply […]
411-A:7 Public Obligations. – An insurer may invest in bonds or other evidences of indebtedness, not in default as to principal or interest, which are valid and legally authorized obligations issued, assumed or guaranteed by the United States or by any state thereof, or by Canada or any of the provinces thereof, or by […]
411-A:8 Obligations and Stock of Certain Federal and International Agencies. – An insurer may invest in obligations and stock which are stated, issued, assumed or guaranteed by the following agencies of the government of the United States: I. Farm Loan Bank. II. Commodity Credit Corporation. III. Federal intermediate credit banks. IV. Federal land banks. […]
411-A:9 Corporate Obligations. – An insurer may invest in bonds, debentures, notes, mortgage-backed securities, asset-backed securities, and other evidences of indebtedness issued, assumed or guaranteed by any solvent institution created or existing under the laws of the United States or Canada or of any state, district, province or territory thereof, which are not in […]
