404-F:1 Definitions. – In this chapter: I. "Adjusted RBC report" means an RBC report which has been adjusted by the commissioner in accordance with RSA 404-F:2, V. II. "Corrective order" means an order issued by the commissioner specifying corrective actions which the commissioner has determined are required. III. "Domestic insurer" means any insurance company […]
404-F:10 Foreign Insurers. – I. Any foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC report as of the end of the calendar year just ended the later of: (a) The date an RBC report would be required to be filed by a domestic insurer under this […]
404-F:11 Immunity. – There shall be no liability on the part of, and no cause of action shall arise against, the commissioner or the insurance department or its employees or agents for any action taken by them in the performance of their powers and duties under this chapter. Source. 1995, 113:1, eff. July 15, […]
404-F:12 Severability Clause. – If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this chapter which can be given effect without the invalid provision or application, and to that end the provisions of this chapter […]
404-F:13 Notices. – All notices by the commissioner to an insurer which may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer’s receipt of such notice. Source. 1995, 113:1, eff. July 15, […]
404-F:14 Phase-in Provision. – I. For RBC reports required to be filed by life insurers with respect to 1993, the following requirements shall apply in lieu of the provisions of RSA 404-F:3, 4, 5, and 6: (a) In the event of a company action level event with respect to a domestic insurer, the commissioner […]
404-F:2 RBC Reports. – I. Every domestic insurer shall, on or prior to each March 1 (the "filing date"), prepare and submit to the commissioner a report of its RBC levels as of the end of the calendar year just ended, in a form and containing such information as is required by the RBC […]
404-F:3 Company Action Level Event. – I. "Company action level event" means any of the following events: (a) The filing of an RBC report by an insurer which indicates that: (1) The insurer’s total adjusted capital is greater than or equal to its regulatory action level RBC but less than its company action level […]
404-F:4 Regulatory Action Level Event. – I. "Regulatory action level event" means, with respect to any insurer, any of the following events: (a) The filing of an RBC report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its authorized control level RBC but less than […]
404-F:5 Authorized Control Level Event. – I. "Authorized control level event" means any of the following events: (a) The filing of an RBC report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC; […]
404-F:6 Mandatory Control Level Event. – I. "Mandatory control level event" means any of the following events: (a) The filing of an RBC report which indicates that the insurer’s total adjusted capital is less than its mandatory control level RBC; (b) Notification by the commissioner to the insurer of an adjusted RBC report that […]
404-F:7 Hearings. – Upon: I. Notification to an insurer by the commissioner of an adjusted RBC report; or II. Notification to an insurer by the commissioner that: (a) The insurer’s RBC plan or revised RBC plan is unsatisfactory; and (b) Such notification constitutes a regulatory action level event with respect to such insurer; or […]
404-F:8 Confidentiality; Prohibition on Announcements; Prohibition on Use in Ratemaking. – I. All RBC reports, to the extent the information therein is not required to be set forth in a publicly available annual statement schedule, and RBC plans, including the results or report of any examination or analysis of an insurer performed pursuant hereto […]
404-F:9 Supplemental Provisions; Rules; Exemption. – I. The provisions of this chapter are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws, including, but not limited to, RSA 402-C. II. The commissioner may adopt reasonable […]
