reglab/housing_qa huggingface dataset:
NH Rev Stat § 415-B:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:6 - Form of Premium Finance Agreement.

    415-B:6 Form of Premium Finance Agreement. –||I. A premium finance agreement shall:||(a) Be dated and signed by or on behalf of the insured; and the printed portion of the agreement shall be in at least 8-point type;||(b) Contain the name and place of business of the insurance agent or broker negotiating the related insurance contract; the name and residence or the place of business of the insured as specified by him; the name and place of business of the premium finance company to which payments are to be made; a brief description of the insurance contracts involved and the amount of the premium; and||(c) Set forth the following items where applicable:||(1) The total amount of the premiums,||(2) The amount of the down payment,||(3) The principal balance (the difference between (1) and (2)),||(4) The amount of the interest or discount,||(5) The balance payable by the insured (sum of (3) and (4)), and||(6) The number of installments required, the amount of each installment expressed in dollars, and the due date or period of each installment.||II. The items set out in subparagraph I(c) need not be stated in the sequence or order in which they appear, and additional items may be included to explain the computations made in determining the amount to be paid by the insured.||III. A premium finance agreement may contain any provision not prohibited by this chapter or by order of the commissioner.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-B:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:7 - Limitation on Interest and Other Charges.

    415-B:7 Limitation on Interest and Other Charges. –||I. A premium finance company shall not charge, contract for, receive, or collect an interest or discount charge other than as permitted by this chapter.||II. The interest or discount shall be agreed upon by the parties and shall be computed on the balance of the premiums due (after subtracting the down payment made by the insured in accordance with the premium finance agreement) from the effective date of the insurance policy for which the premiums are being advanced, up to and including the date when the final installment of the premium finance agreement is payable.||III. Notwithstanding the provisions of any premium finance agreement, any insured may repay the obligation in full at any time. If the insured voluntarily prepays, he shall receive a refund credit, which shall represent at least as great a proportion of the interest or discount as the sum of the periodic balances after the month in which prepayment is made bears to the sum of all periodic balances under the schedule of installments in the agreement. Where the amount of the refund credit is less than $1, no refund need be made.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-B:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:8 - Delinquency and Cancellation Charges.

    415-B:8 Delinquency and Cancellation Charges. –||I. A premium finance agreement may provide for the payment by the insured of a delinquency charge on any installment which is in default for a period of 5 consecutive days or more, of $1 to a maximum of 5 percent of the delinquent installment. If the default results in the cancellation of any insurance contract listed in the agreement, the agreement may provide for the payment by the insured of a cancellation charge equal to the difference between any delinquency charge imposed with respect to the installment in default and $15.||II. A premium finance agreement may provide for payment of collection costs, attorney's fees equal to 20 percent of the outstanding indebtedness, and any other charges which arise because one party breaches the contract.||III. None of the charges referred to in this section shall be considered directly or indirectly in determining whether a violation of the usury laws has occurred under a premium finance agreement.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-B:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:9 - Cancellation of Insurance Contract Upon Default.

    415-B:9 Cancellation of Insurance Contract Upon Default. –||I. When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel upon default any insurance contract or contracts listed in the agreement, the insurance contract or contracts shall not be cancelled by the premium finance company unless such cancellation is effected in accordance with this section.||II. After default, the premium finance company may cancel such insurance contract or contracts by mailing to the insurer a notice of cancellation, stating the effective date of cancellation. Such date shall be not less than 10 days from the date of mailing the notice. The insurance contract shall be cancelled as if such notice of cancellation had been submitted by the insured himself but without requiring the return of the insurance contract or contracts. The premium finance company shall also mail a copy of the notice of cancellation to the insured at his last known address as shown on the records of the premium finance company, and to the insurance agent or broker. Termination of workers' compensation policies shall be made pursuant to the provisions set forth in RSA 281-A:9.||III. All statutory, regulatory, and contractual restrictions providing that the insurance contract may not be cancelled unless notice is given to a governmental agency, mortgagee, or other third party shall apply where cancellation is effected under the provisions of this section. The insurer shall give the prescribed notice on behalf of itself or the insured to any governmental agency, mortgagee, or other third party on or before the second business day after the day it receives the notice of cancellation from the premium finance company. The insurer shall determine the effective date of cancellation taking into consideration the number of days' notice required to complete the cancellation.||IV. The notice of cancellation shall state the date, not less than 10 days after its mailing, on which such cancellation shall become effective.|||Source. 1981, 118:1. 1993, 210:5, eff. Jan. 1, 1994.|
NH Rev Stat § 415-B:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:10 - Return Premiums.

    415-B:10 Return Premiums. –||Whenever a financed insurance contract is cancelled, the insurer shall return whatever gross unearned premiums are due under the insurance contract to the premium finance company for the account of the insured or insureds as soon as reasonably possible, but in any event, within 30 days after the effective date of cancellation. On auditable policies, gross unearned premiums shall be returned within 30 days after the date of the completed audit of the insured. In the event that a crediting of return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund such excess to the insured provided that no such refund shall be required if it amounts to less than $1. This section shall not apply to retrospectively rated policies.|||Source. 1981, 118:1. 1988, 221:3. 1993, 210:6, eff. Jan. 1, 1994.|
NH Rev Stat § 415-B:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:11 - Exemption From Filing Requirements.

    415-B:11 Exemption From Filing Requirements. –||No filing of the premium finance agreement shall be necessary to perfect the validity of such agreement as a secured transaction as against creditors, subsequent purchases, pledges, encumbrancers, successors, or assigns.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-B:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:12 - Rulemaking Authority.

    415-B:12 Rulemaking Authority. –||The commissioner may adopt rules pursuant to RSA 541-A for the purposes of this chapter.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-B:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-B - Premium Finance Companies|Section 415-B:13 - Penalty.

    415-B:13 Penalty. –||Any premium finance company, insurer, agent, or broker who willfully and knowingly violates any provision of this chapter shall be guilty of a misdemeanor.|||Source. 1981, 118:1, eff. July 3, 1981.|
NH Rev Stat § 415-C:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:2 - Exemptions.

    415-C:2 Exemptions. –||I. Manufacturer's service contracts on the manufacturer's products need only comply with RSA 415-C:5, 415-C:6, 415-C:7, 415-C:9, 415-C:10, and RSA 415-C:10-a.||II. Consumer guaranty contracts are not insurance and are exempt from this state's insurance laws, except for the provisions of RSA 400-A:16 through RSA 400-A:25 or as provided by this chapter.||III. For activities related to the marketing, selling, offering for sale, issuing, making, proposing to make, and administration of consumer guaranty contracts, an obligor or related consumer guaranty contract seller, administrator, or other related person shall be exempt from this state's insurance laws, except for the provisions of RSA 400-A:16 through 400-A:25 or as provided by this chapter.||IV. An obligor, administrator, seller, or other related person who provides consumer guaranty contracts and insurance contracts is subject to the state's laws as they apply to the obligor, administrator, seller, or other related person for each type of agreement.|||Source. 2004, 224:1. 2009, 215:6, eff. July 15, 2009.|
NH Rev Stat § 415-C:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:3 - Obligor Registration.

    415-C:3 Obligor Registration. –||I. No obligor shall offer, administer, sell, solicit, negotiate, or act under a consumer guaranty contract in this state unless:||(a) The obligor registers with the commissioner on a form prescribed by the commissioner and pays the registration fee required by RSA 400-A:29, VIII-a(a); or||(b) The obligor is authorized as an insurer in this state to issue specified lines of consumer guaranty contracts, in which case the insurer is exempt from paragraphs II and III of this section and RSA 415-C:4.||II. An obligor's registration shall include the following:||(a) A certified copy of the obligor's charter and bylaws.||(b) A certificate giving a full statement, under oath of the obligor's president and secretary, that the fiscal requirements stated in this chapter are met.||(c) Other information in relation to the obligor's condition as may be required by the commissioner.||III. Every obligor registration made pursuant to this chapter shall expire on the next June 14 following such registration unless renewed prior to that date. Renewal shall be made by paying an annual renewal fee pursuant to RSA 400-A:29, VIII-a(b) and supplementing the original form for any material change to the registration.||IV. An obligor's employee is exempt from the registration provisions stated in this section if the obligor is authorized to do business in this state.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:4 - Fiscal Requirements.

    415-C:4 Fiscal Requirements. –||An obligor shall provide proof of financial responsibility to the insurance department by:||I. Posting a bond in the amount of at least $25,000 or 5 percent of all consumer guarantee contracts sold in New Hampshire, whichever is greater, up to a maximum of $250,000 and maintaining a reserve account in an amount no less than 40 percent of the gross consideration received for all contract fees from consumer guaranty contracts issued to New Hampshire residents less claims paid;||II. Insuring all consumer guaranty contracts under a reimbursement insurance policy issued by an insurer authorized to issue such insurance in this state; or||III. Demonstrating that the obligor, as either a stand alone company or together with the obligor's parent, maintains a net worth or stockholders' equity of $25,000,000 or more as evidenced by the obligor's annual audited financial statement or form 10K or 20F filed with the United States Securities and Exchange Commission. Proof of the above shall be deemed acceptable if not rejected in writing by the insurance commissioner within 60 days of submission.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:5 - Recordkeeping Requirements.

    415-C:5 Recordkeeping Requirements. –||I. Books and records:||(a) An obligor shall keep accurate accounts, books, and records concerning transactions regulated under this chapter.||(b) An obligor's accounts, books, and records shall include:||(1) Copies of each type of consumer guaranty contract issued.||(2) The name and address of each contract holder to the extent that the contract holder has furnished the name and address.||(3) A list of the locations where consumer guaranty contracts are marketed, sold, offered for sale, issued, made, or proposed to be made.||(4) Claims files that shall contain at least the date and description of all claims or requests for services or expenditures related to the consumer guaranty contracts.||(c) Except as provided in paragraph II, an obligor shall retain all records required under subparagraph (b) pertaining to each consumer guaranty contract holder for at least 3 years after the specified period of coverage has expired.||(d) An obligor may keep all records required under this chapter on a computer disk or other similar technology. If the records are maintained in other than hard copy, the records shall be capable of duplication to legible hard copy at the request of the commissioner.||II. An obligor discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to contract holders in this state.||III. An obligor shall make all accounts, books, and records concerning transactions regulated under this chapter or other pertinent laws available to the commissioner upon request.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:6 - Contract Disclosures.

    415-C:6 Contract Disclosures. –||I. Consumer guaranty contracts shall not be issued, sold, or offered for sale in this state unless the obligor or a sales representative with express authority from the obligor has:||(a) Provided a receipt for, or other written evidence of, the purchase of the consumer guaranty contract to the contract holder; and||(b) Provided a copy of the consumer guaranty contract, including its terms and conditions, to the contract holder within a reasonable period of time from the date of purchase.||II. Consumer guaranty contracts marketed, sold, or offered for sale, issued, made, or proposed to be made in this state shall be dated and written in clear, understandable language and the entire contract shall be printed or typed in easy to read type.||III. Consumer guaranty contracts shall state:||(a) The total purchase price of the consumer guaranty contract. The purchase price is not required to be preprinted on the service contract and may be negotiated at the time of sale with the service contract holder.||(b) The specific products and services to be provided and any limitations, exceptions, or exclusions.||(c) The existence of any deductible amount, if applicable.||(d) Any terms, restrictions, or conditions governing the transferability, cancellation, and termination of the consumer guaranty contract by either the obligor or contract holder.||(e) All of the obligations and duties of the contract holder, such as the duty to meet certain conditions, protect against any further damage, and the requirement for certain service and maintenance.||(f) The procedure for obtaining prior approval, if prior approval is required.||(g) The procedure that the contract holder must take to make claims and receive service under the terms and conditions of the consumer guaranty contract, including a toll-free telephone number for service.||(h) The procedure that a contract holder may take to discuss with the obligor questions or complaints. This procedure shall include a statement substantially similar to the following: "In the event you do not receive satisfaction under this contract, you may contact the New Hampshire insurance department." The statement shall include the current address and phone number of the department.||IV. If any preexisting condition is excluded from coverage, the consumer guaranty contract must state the basis upon which the service or promised performance may be denied for such preexisting condition.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:8 - Reimbursement Insurance Policies.

    415-C:8 Reimbursement Insurance Policies. –||I. Consumer guaranty contracts insured under a reimbursement insurance policy shall state:||(a) The name, address, and toll-free number of the reimbursement insurer; and||(b) The obligation of the reimbursement insurer to reimburse or, in the event of the obligor's non-performance, to pay on behalf of the obligor any sums the obligor is legally obligated to pay or shall provide the service which the obligor is legally obligated to undertake according to the obligor's contractual obligations under the consumer guaranty contracts issued or sold by the obligor. In the event the obligor does not provide for covered services within 60 days after the contract holder has submitted proof of loss to the obligor, the contract holder is entitled to apply directly to the reimbursement insurance company for satisfaction.||II. This chapter shall not prevent or limit the right of an insurer which issued a reimbursement insurance policy to seek indemnification or subrogation against an obligor if the issuer pays or is obligated to pay the contract holder sums that the obligor was obligated to pay pursuant to the provisions of the consumer guaranty contract or under a contractual agreement.||III. As applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination in accordance with RSA 417-C has been mailed or delivered to the obligor. The termination of a reimbursement insurance policy shall not reduce the obligor's responsibility for consumer guaranty contracts issued by the obligor prior to the date of the termination.|||Source. 2004, 224:1. 2015, 207:4, eff. Sept. 4, 2015.|
NH Rev Stat § 415-C:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:9 - Examination.

    415-C:9 Examination. –||For the purpose of determining an obligor's financial stability and protecting consumer interests in the case of complaint, the commissioner shall have the power to examine under RSA 400-A:37 and to investigate the affairs of every obligor engaged in the business of consumer guaranty contracts in this state to determine compliance or noncompliance with this chapter. The expenses of examinations shall be paid to the state by the company or companies examined.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:10 - Penalties.

    415-C:10 Penalties. –||The commissioner, after proper notice and opportunity for hearing, may take action to enforce the provisions of this chapter, or rules adopted pursuant to this chapter, and may:||I. Revoke or suspend the obligor's registration.||II. Order the obligor to cease and desist from further consumer guaranty contract operations.||III. Impose a penalty of not more than $1000 for each violation or $10,000 for each violation the commissioner finds to be willful.||IV. Order the obligor to make restitution.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:10-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:10-a - Action Against an Obligor, Designee or Representative of an Obligor.

    415-C:10-a Action Against an Obligor, Designee or Representative of an Obligor. –||I. When an obligor, its designee, or any other representative of an obligor, including a seller or administrator, in any action or proceeding brought by the insurance commissioner has been found to be in violation of this chapter or has been ordered to cease and desist, and said finding or order has become final, any consumer claiming to be adversely affected by the act or practice giving rise to such finding or order, and to whom restitution has not been provided under RSA 415-C:10, IV or to whom the obligor, its designee or representative has not made voluntary restitution acceptable to the consumer within 30 days of the finding or order, may bring suit against said obligor to recover such damages or loss that have been suffered by him or her because of such action or practice.||II. For the sole purposes of providing the consumer with the procedural rights set forth under RSA 541 and RSA 541-A, failure of the commissioner to take action under RSA 415-C:10 within 120 days from the date of the receipt of a complaint from an alleged injured person shall constitute a finding that the alleged act or practice is not in violation of this chapter. This finding may be appealed in accordance with RSA 541. If upon appeal the decision of the commissioner is not upheld, the consumer may proceed under RSA 415-C:10-a, I. This provision shall not bar the commissioner from bringing an enforcement action for violation of this chapter more than 120 days after receipt of a complaint.|||Source. 2008, 255:6, eff. Aug. 25, 2008.|
NH Rev Stat § 415-C:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:11 - Rulemaking.

    415-C:11 Rulemaking. –||The commissioner may adopt rules under RSA 541-A that are reasonable and necessary for the implementation and administration of this chapter, including rules relative to enforcement procedures and procedures governing registration requirements, verification of fiscal responsibility, and examinations by the department.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|
NH Rev Stat § 415-C:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 415-C - Consumer Guaranty Contracts|Section 415-C:12 - Severability.

    415-C:12 Severability. –||If any provision of this chapter, or the application of the provision to any person or circumstances, shall be held invalid, the remainder of the chapter, and the application of the provision to persons or circumstances other than those as to which it is held invalid, shall not be affected.|||Source. 2004, 224:1, eff. Jan. 1, 2005.|