reglab/housing_qa huggingface dataset:
NH Rev Stat § 402:15-c (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:15-c - Termination of Insurance Agency Contracts.

    402:15-c Termination of Insurance Agency Contracts. –||I. Any insurance company authorized to transact fire or casualty business in this state shall, upon termination of an agent's appointment by said company, permit the renewal of all contracts of insurance written by such agent for a period of one year from the date of such termination, as determined by the individual underwriting requirements of said company; provided, however, that if any contract does not meet such underwriting requirements, the company shall give the agent 60 days' notice of its intention not to renew said contract.||II. No insurance agency contract entered into in this state by a licensed insurer with an insurance agent licensed under this chapter shall be terminated by the licensed insurer unless the licensed insurer upon terminating such contract shall give not less than 90 days' written notice in advance to the other party unless the contract shall be terminated by the licensed insurer for failure of the licensed insurance agent, after receiving a written demand, to pay over monies due to such insurer, provided during said 90-day period after any such notice, the licensed insurance agent shall not write or bind any new business on behalf of the licensed insurer without the specific written approval by such insurer of such business. This paragraph shall not apply to any contract with an agent for the sale of life insurance.||III. Any insurance company renewing contracts of insurance in accordance with this section shall pay commissions for such renewals to the terminated agent in the same amount as had been paid to him on similar policies during the 12 months immediately preceding the notice of termination.||IV. This section shall not apply to business owned by the insurer and not the agent; provided, that the insurer offers to continue such policies through another of its agents.|||Source. 1975, 498:1. 2004, 29:1, eff. June 22, 2004.|
NH Rev Stat § 402:16 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:16 - Repealed by 2000, 315:26, I, eff. Jan. 1, 2001.

    402:16 Repealed by 2000, 315:26, I, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:16-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:16-a - Repealed by 2015, 62:2, eff. Aug. 31, 2015.

    402:16-a Repealed by 2015, 62:2, eff. Aug. 31, 2015. –|
NH Rev Stat § 402:16-b (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:16-b - Insurance Referrals.

    402:16-b Insurance Referrals. –|| Notwithstanding other provisions of this title, a person who has not complied with all applicable state insurance licensing and appointment laws and regulations may refer a party to a person who has complied with all applicable state insurance licensing and appointment laws and regulations, if the person making such referral is compensated for such referral in an amount that does not exceed a nominal amount and such amount is not based on or related to the party's purchase of insurance.|||Source. 2000, 313:1, eff. Aug. 20, 2000.|
NH Rev Stat § 402:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:17 - Repealed by 2000, 315:26, II, eff. Jan. 1, 2001.

    402:17 Repealed by 2000, 315:26, II, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:18 - Repealed by 2000, 315:26, III, eff. Jan. 1, 2001.

    402:18 Repealed by 2000, 315:26, III, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:18-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:18-a - Repealed by 2000, 315:26, IV, eff. Jan. 1, 2001.

    402:18-a Repealed by 2000, 315:26, IV, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:19 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:19 - Repealed by 2000, 315:26, V, eff. Jan. 1, 2001.

    402:19 Repealed by 2000, 315:26, V, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:20 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:20 - Repealed by 2000, 315:26, VI, eff. Jan. 1, 2001.

    402:20 Repealed by 2000, 315:26, VI, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:21 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:21 - Repealed by 2000, 315:26, VII, eff. Jan. 1, 2001.

    402:21 Repealed by 2000, 315:26, VII, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:22 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:22 - Repealed by 2000, 315:26, VIII, eff. Jan. 1, 2001.

    402:22 Repealed by 2000, 315:26, VIII, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:23 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:23 - Repealed by 2000, 315:26, IX, eff. Jan. 1, 2001.

    402:23 Repealed by 2000, 315:26, IX, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:24 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:24 - Repealed by 1971, 244:19, II, eff. Aug. 17, 1971.

    402:24 Repealed by 1971, 244:19, II, eff. Aug. 17, 1971. –|
NH Rev Stat § 402:25 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:25 - Repealed by 2000, 315:26, X, eff. Jan. 1, 2001.

    402:25 Repealed by 2000, 315:26, X, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:26 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:26 - Repealed by 2000, 315:26, XI, eff. Jan. 1, 2001.

    402:26 Repealed by 2000, 315:26, XI, eff. Jan. 1, 2001. –|
NH Rev Stat § 402:27 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:27 - Scope of Subdivision.

    402:27 Scope of Subdivision. –||I. This subdivision applies to insurance companies organized under the laws of this state, other than life insurance companies. The percentage limitations contained in RSA 402:28 and RSA 402:29 shall not be effective until January 1, 1993. Any such domestic company may invest its funds in investments as provided in this subdivision and not otherwise. Notwithstanding the provisions of this subdivision, the insurance commissioner may, after notice and hearing, order a domestic company to limit or withdraw from certain investments, or discontinue certain investment practices, to the extent that the commissioner finds that such investments or investment practices endanger the solvency of such company.||II. No investment, loan, or investment practice, shall be made or engaged in by any domestic company, unless the same has been authorized or ratified by the board of directors, or by a committee of the board of directors charged with the duty of supervising investments and loans.||III. No such domestic company shall subscribe to, or participate in, any underwriting of the purchase or sale of securities or property or enter into any agreement to withhold from sale any of its property, but the disposition of its property shall be at all times within the control of the board of directors. Any agreement or contract providing for the lawful disposition of property wherein such disposition may be determined at the option of a third person at some specified future price or condition or specified time or upon demand shall be construed to be within the control of the board of directors.||IV. Nothing contained in paragraph III shall prevent the board of directors of any such company from depositing any of its securities with a committee appointed for the purpose of protecting the interest of security holders or with authorities of any state or country where it is necessary to do so in order to secure permission to transact its appropriate business. Nothing contained in this subdivision shall prevent the board of directors of such company from depositing securities as collateral for the securing of any bond or obligation required for the business of the company.||V. All investments and deposits of the funds of a domestic company shall be made in its corporate name except that, subject to the approval of the commissioner, securities may be kept under a custodial or similar agreement with a bank or banking and trust company or registered investment advisor and issued in the name of a nominee of such bank or banking and trust company or registered investment advisor.|||Source. 1917, 30:4. PL 273:22. RL 323:27. RSA 402:27. 1957, 43:1. 1991, 372:1, eff. Jan. 1, 1992.|
NH Rev Stat § 402:29 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:29 - Loans to Transferred Employees.

    402:29 Loans to Transferred Employees. –||A company may lend funds, on a secured basis, to an employee to defray, in whole or in part, the expenses of such employee who has been transferred. The maximum amount of any such loan to an employee shall be $250,000. This section also shall not prohibit the taking of a secured mortgage by a company on real property serving as the residence of any of its officers, employees, or directors. Such mortgage shall not exceed 85 percent of the appraised value of such realty as determined by an independent appraiser or the market value, whichever is the lesser amount. One of the terms of such mortgage shall provide that the outstanding balance of the mortgage becomes immediately due and payable to the company upon termination of the employment, or officer or director relationship, between the company and the mortgagor, or upon termination of said person's ownership of said real property.|||Source. 1911, 87:1. 1913, 88:1. PL 273:24. RL 323:29. RSA 402:29. 1978, 11:2. 1991, 372:3, eff. Jan. 1, 1992.|
NH Rev Stat § 402:29-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:29-a - Lawful Distributions.

    402:29-a Lawful Distributions. –||I. Nothing in this subdivision shall prohibit the acquisition by a domestic company of other or additional securities or property if received as a dividend or as a lawful distribution of assets, or upon a debt or judgment, or under a lawful and bona fide agreement of bulk reinsurance, merger, or consolidation, or if acquired by it through the exercise of warrants, options, or similar rights to acquire securities received by it in accordance with this subdivision.||II. Nothing in this subdivision shall prevent any company from entering into an agreement for the purpose of protecting the interests of the company in securities lawfully held by it, or for the purpose of reorganization of a corporation which issued securities so held, and from depositing such securities with a committee or depositaries appointed under such agreement, nor from accepting stock, bonds, or other securities or other property which may be distributed pursuant to any such agreement, or to any plan of reorganization or arrangement.||III. No provision of this subdivision shall prevent any company from acquiring or holding any property acquired in satisfaction of any debt previously contracted, or that shall be obtained by sale or foreclosure of any security held by it. Any security or property so acquired which is not otherwise an eligible investment under this subdivision shall be disposed of within 5 years from date of acquisition, unless within such period the security or property has attained to the standard of eligibility, except that any security or personal property acquired under any agreement of bulk reinsurance, merger, or consolidation may be retained for a longer period if so provided in the plan for such reinsurance, merger, or consolidation. The commissioner may grant from time to time reasonable extensions of the period within which an insurer shall dispose of any such property or security.|||Source. 1991, 372:4, eff. Jan. 1, 1992.|
NH Rev Stat § 402:29-b (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:29-b - Prohibited Acts.

    402:29-b Prohibited Acts. –||No director or other officer of a company, and no member of a committee having any authority in the investment or disposition of its funds, shall accept, or be the beneficiary of, either directly or indirectly, any fee, brokerage, commission, gift or other consideration for or on account of any loan, deposit, purchase, sale, payment or exchange made by or in behalf of such company, or be pecuniarily interested in any such purchase, sale or loan, either as borrower, principal, agent or beneficiary, except that, if a policyholder, he shall be entitled to all the benefits accruing under the terms of his contract. This section shall not prohibit the purchase by an insurance company of real property serving as the residence of any of its officers, employees, or directors, when such purchase is made in connection with the relocation by the insurer of the place of employment of such officer, employee, or director and at no more than the fair market value of such property as determined by an independent appraisal. No such real property having a purchase price in excess of $500,000 may be so acquired except with the approval of the insurance commissioner.|||Source. 1991, 372:4, eff. Jan. 1, 1992.|
NH Rev Stat § 402:29-c (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:29-c - Purchasing Its Own Stock.

    402:29-c Purchasing Its Own Stock. –||No company shall invest its funds in, or loan them on its own stock without the prior approval of the insurance commissioner. This section shall not prohibit a company from investing its funds in the stock or obligations of its parent company provided that:||I. Such stock shall be valued according to the Securities Valuation Manual of the National Association of Insurance Commissioners.||II. No company shall hold, at any one time, more than 10 percent of its policyholder surplus, in such stock or obligations.||III. Such stock, in order to qualify under this section, shall be traded on a nationally recognized stock exchange or on the NASDAQ system.|||Source. 1991, 372:4, eff. Jan. 1, 1992.|
NH Rev Stat § 402:30 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30 - Valuation of Securities.

    402:30 Valuation of Securities. –||Investments shall be valued as follows:||I. Securities held in accordance with the provisions of this subdivision shall be valued in accordance with the published valuation standards of the Securities Valuation Office of the National Association of Insurance Commissioners.||II. Securities as to which the National Association of Insurance Commissioners has not published valuation standards in its Valuation of Securities Manual, or its successor publication, shall be valued as follows:||(a) As obligations having a fixed term and rate shall, if not in default as to principal or interest, be valued as follows: if purchased at par, at the par value; if purchased at or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made.||(b) Common, preferred, except sinking fund preferred stock valued under subparagraph (c), or guaranteed stocks, shall be valued at their market value or at the option of the company, they may be valued at purchase price if purchase price is less than market value.||(c) Sinking fund preferred stocks which are subject to mandatory redemption shall be valued at cost.||(d) Any investment that is not valued by standards published by the National Association of Insurance Commissioners may be submitted by the company to the Securities Valuation Office for valuation, which valuation shall govern.||(e) No other investment shall be valued at more than its purchase price. Purchase price for real property includes capitalized permanent improvements, less depreciation spread evenly over the life of the property or, at the option of the company, less depreciation computed on any basis permitted under the United States Internal Revenue Code of 1986, as amended and regulations thereunder. Such investments that have been affected by permanent declines in value shall be valued at not more than their market value.||(f) Any investment, including real property, not purchased by a company, but acquired in satisfaction of a debt or otherwise shall be valued in accordance with the applicable procedures for that type of investment contained in this section. For purposes of applying the valuation procedures, the purchase price shall be deemed to be the market value at the time the investment is acquired or in the case of any investment acquired in satisfaction of debt, the amount of the debt, including interest, taxes and expenses, whichever amount is less.||(g) The eligibility of an investment shall be determined as of the date of its making or acquisition or the date of commitment in the case of commitment to invest.|||Source. 1887, 47:1. PS 168:5. 1917, 30:2. PL 273:25. RL 323:30. RSA 402:30. 1991, 372:5. 1992, 288:13, 14, eff. Jan. 1, 1993.|
NH Rev Stat § 402:30-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30-a - Rulemaking.

    402:30-a Rulemaking. –||The commissioner may adopt rules, under RSA 541-A, which are reasonable and necessary for the implementation and administration of this chapter relative to:||I. Financial solvency standards, for investments under RSA 402:28.||II. Valuation standards, for investments under RSA 402:28.||III. Reporting requirements, for investments under RSA 402:28.||IV. Valuation of eligible investments not covered under RSA 402:30.||V. [Repealed.]|||Source. 1963, 69:1. 1978, 11:3. 1991, 372:6. 2002, 207:28. 2012, 171:26, XVIII, eff. Aug. 10, 2012.|
NH Rev Stat § 402:30-b (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30-b - Misconduct.

    402:30-b Misconduct. –||If an insurance company organized under the laws of this state shall be guilty of gross waste, misconduct or negligence in the management of its affairs, its charter or authority to do business shall be liable to forfeiture as provided in this subdivision.|||Source. 1975, 311:1, eff. Aug. 6, 1975.|
NH Rev Stat § 402:30-c (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30-c - Petition.

    402:30-c Petition. –||Whenever the commissioner is of the opinion that any such cause for revocation exists he shall file a petition against the company in the superior court of the county in which it has its principal place of business, praying for a decree of forfeiture and for a settlement of its affairs, which shall be entered and prosecuted according to the course of equity proceedings.|||Source. 1975, 311:1, eff. Aug. 6, 1975.|
NH Rev Stat § 402:30-d (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30-d - Prosecution.

    402:30-d Prosecution. –||The attorney general shall act for the commissioner in making and prosecuting the petition. The incidental expenses of the prosecution shall be paid by the state.|||Source. 1975, 311:1, eff. Aug. 6, 1975.|
NH Rev Stat § 402:30-e (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:30-e - Orders.

    402:30-e Orders. –||If the court is satisfied that there has been gross waste, misconduct or negligence in the management of its affairs, it shall decree a forfeiture of the company's charter or authority to do business, and shall make all other orders required for closing up and settling its affairs; otherwise the petition shall be dismissed and the defendant's taxable costs shall be paid by the state.|||Source. 1975, 311:1, eff. Aug. 6, 1975.|
NH Rev Stat § 402:31 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:31 - to 402:35 Repealed by 1969, 272:2, eff. June 23, 1969.

    402:31 to 402:35 Repealed by 1969, 272:2, eff. June 23, 1969. –|
NH Rev Stat § 402:36 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:36 - to 402:38 Repealed by 1971, 244:19, III, eff. Aug. 17, 1971.

    402:36 to 402:38 Repealed by 1971, 244:19, III, eff. Aug. 17, 1971. –|
NH Rev Stat § 402:39 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:39 - to 402:41 Repealed by 2019, 127:2, eff. Aug. 24, 2019.

    402:39 to 402:41 Repealed by 2019, 127:2, eff. Aug. 24, 2019. –|
NH Rev Stat § 402:42 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:42 - Penalty.

    402:42 Penalty. –||Whoever violates any provision of this subdivision shall be fined not more than $2,500 or shall have any license suspended or revoked or shall both be fined and have any license suspended or revoked.|||Source. 1907, 111:2. PL 273:36. RL 323:41. RSA 402:42. 1973, 529:99. 1983, 473:5, eff. Sept. 3, 1983.|
NH Rev Stat § 402:43 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:43 - to 402:45 Repealed by 2009, 96:1, I, eff. June 12, 2009.

    402:43 to 402:45 Repealed by 2009, 96:1, I, eff. June 12, 2009. –|
NH Rev Stat § 402:46 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:46 - Terms of Policies.

    402:46 Terms of Policies. –||No insurance company, association, or society or officer, director, agent, broker, or solicitor thereof, shall issue, circulate, or use, or cause or permit to be issued, circulated, or used, any statement, estimate, illustration, or circular misrepresenting the terms of any policy issued or to be issued by such company, or the benefits or privileges promised, or the future dividends payable, under any such policy.|||Source. 1913, 127:2. PL 273:40. RL 323:45.|
NH Rev Stat § 402:47 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402 - Insurance Companies and Agents|Section 402:47 - Inducing Lapses.

    402:47 Inducing Lapses. –||No insurance company, association or society, officer, director, agent, solicitor or broker, nor any person, firm, association, or corporation, shall make any misrepresentation, oral, written, or otherwise, or any misleading estimate of the dividends or share of surplus to be received thereon or any incomplete comparison of policies, to any person insured in any company for the purpose of inducing or tending to induce such person to take out a policy of insurance, or for the purpose of inducing, or tending to induce, a policyholder in any company to lapse, forfeit, or surrender his insurance therein and to take out a policy of insurance in another like company.|||Source. 1913, 127:2. PL 273:41. 1929, 47:1. RL 323:46.|