407:1 Form of Policy. – The form of policy for fire insurance prescribed by this chapter shall be known and designated as the Standard Fire Insurance Policy for New Hampshire, hereinafter known as the Standard Fire Policy. There may be inserted before and after the words "New Hampshire" the state in which such form […]
407:10 Agent’s Knowledge. – If a company shall issue a policy upon an application prepared by a third person assuming to act as its agent or otherwise, it shall be charged with his knowledge of facts relating to the property insured as if they were stated in the application. Source. 1959, 163:1, eff. Jan. […]
407:11 Policy Value. – I. If a building insured for a specified amount, whether under a separate policy or under a policy also covering other buildings, is totally destroyed by fire or lightning without criminal fault on the part of the insured or his assignee, the sum for which such building is insured shall […]
407:12 Adjustment and Payment of Loss. – The company shall begin the adjustment of the loss within 15 days after receipt of notice of loss. The amount of loss under a fire insurance policy shall be due and payable in 60 days after receipt by the insuring company of proof of loss, and the […]
407:12-a Payment of Incidental Costs. – In the event that an insured sustains a loss covered under the policy with respect to payment of undisputed incidental costs, including but not limited to rent, the insurer shall make payment for such costs within 15 days after receipt of a valid proof of loss. The insured […]
407:13 Rebuilding. – If the company decides to rebuild or repair the property destroyed or injured, it shall begin to do so within 20 days after adjusting the loss, and shall prosecute the work with reasonable diligence until it is completed. Source. 1959, 163:1, eff. Jan. 1, 1960.
407:14 Neglect of Insurer. – If the company neglects to adjust the loss within 15 days after receiving notice of it, or to begin to rebuild or repair the property destroyed or damaged within 20 days after the adjustment of the loss, the insured may proceed to rebuild or repair at the expense of […]
407:15 Notice to Insured. – The insurer shall provide written notice to the insured of any denial of coverage. The notice shall inform the insured that any action based upon the denial shall be barred by law if not commenced within 12 months from the date of the written denial. Source. 1959, 163:1. 2014, […]
407:16 Judgment, etc. – If, upon trial, the insured recovers more than the amount determined by the insurers, he shall have judgment and execution immediately therefor, with interest and costs. If he recovers no more than such amount, the court may allow interest thereon, and such costs to either party as may be just; […]
407:17 Suit Against Foreign Company. – A person having a claim against an insurance company not organized under the laws of the state, arising from a transaction with an agent of the company in the state, may sue therefore in the courts of the state. Service of any process pertaining to such action upon […]
407:18 Non-payment of Judgment. – If in such action the plaintiff shall recover a judgment, and the company does not pay it within 30 days after notice of it is given to the commissioner, he may suspend the authority of the company to do business in the state. Source. 1959, 163:1, eff. Jan. 1, […]
407:19 Policies Written During Suspension. – If the company or any of its agents shall issue a policy during such suspension, the company and agent shall each forfeit $200 for each policy so issued; but the policies shall be valid and binding, nevertheless. Source. 1959, 163:1, eff. Jan. 1, 1960.
407:2 Use Required. – No policy or contract of fire insurance, except for motor vehicle insurance, marine insurance, inland marine insurance, and policies used to effect reinsurance between insurers, shall be made, issued or delivered by any insurer or by any agent or representative thereof, on any property in this state unless it shall […]
407:2-a Combination Coverages. – Any policy or contract otherwise subject to RSA 407:2, which includes either on an unspecified basis as to the coverage or for a single premium coverage against the peril of fire and substantial coverage against other perils, need not comply with the provisions of RSA 407:2, provided: I. Such policy […]
407:20 Action by Assignee. – If a policy has been transferred or assigned by the insured to a person to hold absolutely or as collateral security, with the assent of the insurer, the assignee may bring an action thereon in his own name or in that of the assignor, and may recover the full […]
407:21 Chapter Controlling. – Every provision and stipulation in a contract to which this chapter is applicable in conflict with this chapter shall be void and no waiver of any part thereof shall be set up by the insurer. Source. 1959, 163:1, eff. Jan. 1, 1960.
407:22 New Form Adopted. – The Standard Fire Policy (with permission to substitute for the word, company, a more accurate descriptive term for the type of insurer) shall be in the following form: Standard Fire Insurance Policy for New Hampshire No. Type of Company Renewal of Number Space for Company Name, Insignia and Location […]
407:23 Nuclear Perils. – The Standard Fire Policy prescribed by this chapter is not intended to cover loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination, whether or not directly or indirectly resulting from an insured peril under said policy. Insurers issuing the Standard Policy pursuant to this chapter are […]
407:23-a Flood Damage; Notice to Policyholder. – I. Every insurer issuing a homeowner, condominium unit owner, residential tenant, and residential fire insurance policy that does not cover damage caused by flood shall notify the policyholder that the policy does not cover damage caused by flood. The notice shall also inform the policyholder how to […]
407:24 Conflicting Acts. – Any act or parts of acts which may be construed as providing for a form different from the one herein prescribed are hereby repealed. Source. 1959, 163:2, eff. Jan. 1, 1960.
