US Lawyer Database

    403-F:2 Definitions. –

In this chapter:

I. "
Commissioner
" means the insurance commissioner.

II. "
Eligible policyholder
" means, with respect to a mutual fire or casualty insurance company, a policyholder of the insurer on the date of adoption of the plan of reorganization by the board of directors pursuant to RSA 403-F:4, II or, with respect to a mutual life insurance company, such policyholders defined in the plan of reorganization approved by the commissioner.

III. "
Mutual insurance holding company
" means an incorporated entity without permanent capital stock that is organized under this chapter.

IV. "
Subsidiary insurance company
" means a stock insurance company, the majority of the voting shares of the capital stock of which are at all times owned, directly or through an intermediate holding company, by a mutual insurance holding company.

V. "
Intermediate holding company
" means a holding company which is a subsidiary of a mutual insurance holding company, and which directly or through a subsidiary intermediate holding company owns a majority of the voting shares of the capital stock of one or more subsidiary insurance companies.

Source. 2000, 247:1, eff. June 8, 2000.