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Home » US Law » 2022 New Hampshire Revised Statutes » Title XXXVII - Insurance » Title 411-A - Regulation of Investments of Life Insurance Companies

Section 411-A:1 – Purpose and Construction of Chapter.

    411-A:1 Purpose and Construction of Chapter. – I. The purpose of this chapter is to protect the interest of insurers and the public, by providing standards for the investment of the assets of life insurance companies, which standards seek an appropriate balance of the following objectives: safety of principal, maximum appreciation and yield, stability […]

Section 411-A:10 – Preferred or Guaranteed Stock.

    411-A:10 Preferred or Guaranteed Stock. – An insurer may invest in preferred or guaranteed stocks or shares of any solvent institution existing under the laws of the United States or of Canada, or of any state or province thereof. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:11 – Common Stocks; Limited Partnerships.

    411-A:11 Common Stocks; Limited Partnerships. – An insurer may invest in common stocks of any solvent institution organized and existing under the laws of the United States or Canada, or of any state or province thereof, if such institution has had net earnings available for dividends on such stock in at least 5 of […]

Section 411-A:12 – Insurance Stocks.

    411-A:12 Insurance Stocks. – I. An insurer may, within the limitations set forth in RSA 401-B:2, invest in the stocks of any solvent insurance company formed under the laws of this or another state, provided that such stocks meet the applicable requirements of RSA 411-A:10 or 411-A:11. II. With the commissioner’s advance written consent […]

Section 411-A:13 – Stock of Subsidiaries.

    411-A:13 Stock of Subsidiaries. – I. An insurer may, within the limitations set forth in RSA 401-B:2, invest in the stock of its subsidiary insurance corporation formed or acquired by it; or in the stock of its subsidiary business corporation or corporations formed and engaged solely in any one or more of the following […]

Section 411-A:14 – Mutual Funds.

    411-A:14 Mutual Funds. – An insurer may invest in the securities of any open-end or closed-end management type investment company or investment trust registered with the Federal Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. section 80a-1 et seq.) as from time to time amended, if such investment company […]

Section 411-A:15 – Trustees’ or Receivers’ Obligations.

    411-A:15 Trustees’ or Receivers’ Obligations. – An insurer may invest in certificates, notes or other obligations issued by trustees or receivers of any institution created or existing under the laws of the United States or of any state, district or territory thereof, which, or the assets of which, are being administered under the direction […]

Section 411-A:16 – Acceptances, Bills of Exchange.

    411-A:16 Acceptances, Bills of Exchange. – An insurer may invest in those bank and bankers’ acceptances and other bills of exchange which are eligible for purchase in the open market by federal reserve banks. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:17 – Equipment Trust Certificates.

    411-A:17 Equipment Trust Certificates. – An insurer may invest in equipment trust obligations or certificates which are adequately secured, or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States or Canada and a right to receive determined portions of rental, purchase or other fixed […]

Section 411-A:18 – Bank Deposits.

    411-A:18 Bank Deposits. – An insurer may have any of its cash funds on deposit in checking or savings accounts, under certificates of deposit, or in any other form in solvent banks or trust companies. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:19 – Savings and Share Accounts.

    411-A:19 Savings and Share Accounts. – An insurer may invest in share or savings accounts of savings and loan or building and loan associations to the extent that the investment is insured by the Federal Savings and Loan Insurance Corporation or the Federal Deposit Insurance Corporation. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:2 – Scope of Chapter.

    411-A:2 Scope of Chapter. – Except as provided in RSA 411-A:36, this chapter applies to domestic life insurance companies only. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:20 – Hydrocarbon Production Payments.

    411-A:20 Hydrocarbon Production Payments. – An insurer may invest in production payments, or interests therein evidenced by trust certificates or other instruments, payable from oil, gas or other hydrocarbons in producing properties located in the United States or the adjacent continental shelf if an obligation secured by and payable from such production payment or […]

Section 411-A:21 – Real Estate Mortgages.

    411-A:21 Real Estate Mortgages. – I. An insurer may invest in bonds or notes secured by mortgages or deeds of trust representing first liens upon unencumbered improved real property located in the United States or Canada, including leasehold estates having an unexpired term of not less than 21 years, inclusive of the term or […]

Section 411-A:22 – Purchase Money Mortgages.

    411-A:22 Purchase Money Mortgages. – An insurer may invest in purchase money mortgages or like securities, received by it upon the sale or exchange of real property theretofore owned by it, not subject to the limitations of RSA 411-A:21. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:23 – Real Estate.

    411-A:23 Real Estate. – I. Except as provided in RSA 411-A:25, an insurer may invest in real estate only if used for the purposes or acquired in the manner, and within the limits, as follows: (a) The building in which it has its principal office, the land upon which the building stands, and such […]

Section 411-A:24 – Housing Developments.

    411-A:24 Housing Developments. – To the extent and upon such conditions as may be authorized by the commissioner, an insurer may invest in stock and evidences of indebtedness of any housing company or redevelopment company organized under the private housing finance law of this or any other state, or of any corporation organized for […]

Section 411-A:25 – Leased Property.

    411-A:25 Leased Property. – An insurer may invest in personal or real property owned either by the insurer or by a trustee, while under lease to a lessee. Source. 1978, 11:1, eff. July 1, 1978.

Section 411-A:26 – Data Processing Systems.

    411-A:26 Data Processing Systems. – An insurer may purchase and hold electronic computers and mechanical machines and equipment constituting a data processing and accounting system, provided that the cost thereof shall be amortized in not more than 10 years, and provided further that the unamortized cost thereof shall not at any time exceed one […]

Section 411-A:27 – Policy Loans.

    411-A:27 Policy Loans. – An insurer may lend to a policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash surrender value of the policy; or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is […]