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Home » US Law » 2022 New Hampshire Revised Statutes » Title XXXVII - Insurance » Title 403-A - Disposal of Assets

Section 403-A:1 – Definitions.

    403-A:1 Definitions. – As used in this chapter, the term: I. "Assets" includes all the property and rights of every kind of a domestic insurance company, or association. II. "Total assets" means the dollar amount of the company’s total assets as reported in its most recent convention statement. III. "Disposal" includes any sale, transfer, […]

Section 403-A:12 – Rules and Regulations.

    403-A:12 Rules and Regulations. – The insurance commissioner may, by regulation, prescribe the rules necessary for the administration of this chapter. Source. 1969, 293:1. 2002, 207:46, eff. July 15, 2002.

Section 403-A:2 – Disposal of Assets.

    403-A:2 Disposal of Assets. – Any domestic insurance company or association that, within any period of 30 days, by one or more transactions, disposes of any of its assets which, in the aggregate, amount to more than 10 percent of its total assets, shall send written notification thereof to the insurance commissioner. Such notification […]

Section 403-A:3 – Reinsurance.

    403-A:3 Reinsurance. – Any domestic insurance company or association except a domestic life insurance company, which, during any period of 12 consecutive months, by any contract or contracts of reinsurance, cedes an amount of its insurance on which the total gross reinsurance premiums are more than 50 percent of the unearned premiums on the […]

Section 403-A:4 – Fraud by Officer, etc.

    403-A:4 Fraud by Officer, etc. – It shall be unlawful for any member, officer, director, or attorney-in-fact of any company, association, or exchange licensed to do an insurance business in this state to borrow, rent, hire, lease, or otherwise engage on behalf of such company, association or exchange the use of stocks, bonds, debentures, […]

Section 403-A:5 – Fraud by Corporation.

    403-A:5 Fraud by Corporation. – It shall be unlawful for any corporation organized under any law of this state, or the laws of any other state, or which has an office or is transacting business in this state, which is engaged in, or is claiming or advertising that it is engaged in, organizing or […]

Section 403-A:6 – Possession of Stocks, etc.

    403-A:6 Possession of Stocks, etc. – If any insurance company, association, or exchange is found in possession of stocks, bonds, debentures, notes, investment certificates, securities, or other obligations or evidences of indebtedness acquired in violation of RSA 403-A:4, or if any of its officers, directors, members, or attorneys-in-fact have been convicted of a violation […]