reglab/housing_qa huggingface dataset:
NH Rev Stat § 411:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:1 - Capital Stock.

    411:1 Capital Stock. –||Any corporation organized under the laws of this state and engaged wholly or in part in the life insurance business as a stock company shall have a capital stock of not less than $600,000 paid in, which shall be invested as provided in RSA 411-A. One-half of such capital shall be deposited with the insurance commissioner.|||Source. 1913, 42:1. PL 278:1. RL 328:1. RSA 411:1. 1969, 283:9. 1978, 11:4, eff. July 1, 1978.|
NH Rev Stat § 411:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:2 - Certificate of Authority.

    411:2 Certificate of Authority. –||Upon said deposit and satisfactory evidence to the commissioner that the capital stock of at least $200,000 has been paid in and invested as herein prescribed, he shall issue to said stock company a certificate authorizing it to do business as such.|||Source. 1913, 42:1. PL 278:2. RL 328:2.|
NH Rev Stat § 411:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:3 - Mutual Companies.

    411:3 Mutual Companies. –||No such certificate shall be issued to such a corporation organized on the mutual plan until at least 500 persons have subscribed in the aggregate for at least $500,000 of insurance upon their lives and shall each have paid in one full annual premium in cash upon the insurance applied for, nor until it shall have deposited with the commissioner at least $200,000 in the securities required by law.|||Source. 1913, 42:2. 1917, 20:1. PL 278:3. RL 328:3. RSA 411:3. 1969, 283:10, eff. June 25, 1969.|
NH Rev Stat § 411:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:4 - Annual Statement.

    411:4 Annual Statement. –||The president or vice-president, and secretary or actuary, or a majority of the trustees or directors, of every life insurance company organized under the laws of this state, shall annually, on January 1, or within 60 days thereafter, prepare under oath and deposit in the office of the insurance commissioner, a statement of the condition of such company on December 31 of the preceding year, showing:||I. Name and where located, the names of the officers, the amount of capital stock, and amount of capital stock paid in.||II. The value of real estate owned by such company, the amount of cash on hand, the amount of cash deposited in banks or trust companies, giving names of depositaries, the amount of unreported and deferred premiums, the amount of stocks and bonds, giving names and amounts, with the par and market value of each kind, the amount of loans secured by first mortgage on real estate, the amount of all other loans, and how secured, with the rate of interest, the amount of premium notes on policies in force, the amount of notes given for unpaid stock, and how secured, the amount of interest due and unpaid, and all other assets.||III. The amount of losses due and unpaid, the amount of losses adjusted but not due, the amount of losses unadjusted, the amount of claims for losses resisted, the amount of money borrowed and the amount required to safely reinsure all outstanding risks according to the American Experience Table of Mortality, and 3 1/2 percent interest per annum, or the actuaries' combined experience table with the same rate of interest.||IV. The amount of cash premiums and premium notes received, the amount of interest received from all sources during the year, and the amount received from all other sources.||V. The amount paid for losses, the amount of dividends paid to policyholders and to stockholders, the amount of commissions and salaries paid to agents, the amount paid to officers for salaries, the amount paid for taxes, and the amount of all other payments and expenditures.||VI. The greatest amount insured on any one life, the amount deposited in other states and territories as security for policyholders therein, stating the amount in each state or territory, the amount of premiums received in this state during the year, the amount paid for losses in this state during the year, the whole number of policies issued during the year, with the amount of insurance effected thereby, and total amount of insurance at risk.|||Source. 1913, 42:3. PL 278:4. RL 328:4.|
NH Rev Stat § 411:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:5 - Additional Inquiries.

    411:5 Additional Inquiries. –||The commissioner is authorized to amend the form of annual statement, and to propose such additional inquiries as he may think necessary to elicit a full exhibit of the standing of such companies.|||Source. 1913, 42:3. PL 278:5. RL 328:5.|
NH Rev Stat § 411:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:6 - Policy Reserves.

    411:6 Policy Reserves. –||As soon as practicable after the filing of said annual statement the commissioner shall determine the reserves for all policies of each such company in force on December 31 immediately preceding, in accordance with the provisions of RSA 410.|||Source. 1913, 424:4. PL 278:6. RL 328:6. RSA 411:6. 1963, 70:1, eff. July 9, 1963.|
NH Rev Stat § 411:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:7 - Making Valuation.

    411:7 Making Valuation. –||For the purpose of making such valuation the commissioner may employ a competent actuary, who shall be paid by the company for which the services are rendered; but nothing herein shall prevent any company from making said valuation herein contemplated, which may be received by the commissioner upon such proof as he may determine.|||Source. 1913, 42:4. PL 278:7. RL 328:7.|
NH Rev Stat § 411:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:8 - Security Deposit.

    411:8 Security Deposit. –||The commissioner shall require a domestic insurance company to make a deposit in trust in an amount necessary, in the discretion of the commissioner for the protection of the company's policyholders, provided that the required deposit shall not exceed the greater of $1,000,000 or the amount of deposits required under RSA 402:73.|||Source. 1913, 42:4. PL 278:8. 1933, 80:1. RL 328:8. RSA 411:8. 1963, 70:2. 1978, 11:5. 1987, 246:1, eff. May 18, 1987.|
NH Rev Stat § 411:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:9 - Repealed by 1987, 246:5, I, eff. May 18, 1987.

    411:9 Repealed by 1987, 246:5, I, eff. May 18, 1987. –|
NH Rev Stat § 411:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:10 - Repealed by 1987, 246:5, II, eff. May 18, 1987.

    411:10 Repealed by 1987, 246:5, II, eff. May 18, 1987. –|
NH Rev Stat § 411:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:11 - Certificate.

    411:11 Certificate. –||Upon receipt of a deposit in trust from any such company, as required or allowed by the laws of this state, the commissioner shall issue upon the request of such company a certificate which shall set forth the corporate name of the company, its principal office, that a deposit for the protection of all its policyholders has been duly made, the amount of securities so deposited and that it is authorized to transact the business of life insurance.|||Source. 1913, 42:5. 1917, 20:3. PL 278:11. RL 328:11. RSA 411:11. 1963, 70:4. 1987, 246:2, eff. May 18, 1987.|
NH Rev Stat § 411:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:12 - Noncompliance.

    411:12 Noncompliance. –||Upon the failure of any company organized or doing business under this chapter to make the deposit required under RSA 411:8 the commissioner shall notify such company to issue no new policies until there shall have been compliance with said requirement.|||Source. 1913, 42:6. PL 278:12. RL 328:12. RSA 411:12. 1987, 246:6, eff. May 18, 1987.|
NH Rev Stat § 411:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:13 - Change of Securities, Etc.

    411:13 Change of Securities, Etc. –||Any such company making a deposit in trust shall have the right at any time to change their securities on deposit by substituting for those withdrawn a like amount in other securities of the character described in RSA 411-A.|||Source. 1913, 42:9. PL 278:13. RL 328:13. RSA 411:13. 1987, 246:3, eff. May 18, 1987.|
NH Rev Stat § 411:14 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:14 - Collection of Interest.

    411:14 Collection of Interest. –||The commissioner shall permit companies, having on deposit with him stocks or bonds as security, to collect the dividends or interest accruing on such deposits, delivering to their authorized agents, respectively, the coupons or other evidences of interest as the same become due; but upon default by any company to deposit additional security as called for by the commissioner, or pending any proceedings to close up or enjoin it, the commissioner shall collect the dividends and interest as they become due and add the same to the securities in his hands belonging to such company.|||Source. 1913, 42:13. PL 278:14. RL 328:14.|
NH Rev Stat § 411:15 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:15 - to 411:19 Repealed by 1978, 11:7, eff. July 1, 1978.

    411:15 to 411:19 Repealed by 1978, 11:7, eff. July 1, 1978. –|
NH Rev Stat § 411:20 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:20 - to 411:27 Repealed by 1969, 272:3, eff. June 23, 1969.

    411:20 to 411:27 Repealed by 1969, 272:3, eff. June 23, 1969. –|
NH Rev Stat § 411:28 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:28 - Acting Without Certificate.

    411:28 Acting Without Certificate. –||Any such company, doing or attempting to do life insurance business without a certificate as provided for in this chapter, shall forfeit $ 100 for every day it continues to write new business in this state without such certificate.|||Source. 1913, 42:14. PL 278:29. RL 328:27.|
NH Rev Stat § 411:29 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:29 - Suits for Penalties.

    411:29 Suits for Penalties. –||Suits to recover any of the penalties provided for in this chapter shall be instituted in the name of the state on relation of the attorney general, under the direction and by the authority of the commissioner. Said penalties shall be paid to the state.|||Source. 1913, 42:15. PL 278:30. RL 328:28.|
NH Rev Stat § 411:30 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:30 - Transfer of Risks, Etc.

    411:30 Transfer of Risks, Etc. –||No such corporation shall transfer its risks, or any part thereof, to, or reinsure its risks, or any part thereof, except reinsurance effected in the ordinary course of business, in any insurance corporation, association or society which is not at the time of such transfer or reinsurance authorized to do business in this state.|||Source. 1913, 42:19. 1919, 19:1. PL 278:31. RL 328:29.|
NH Rev Stat § 411:31 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:31 - Change of Payee, Etc.

    411:31 Change of Payee, Etc. –||The insured in any such corporation shall have the right at any time, with the consent of such corporation, to make a change in his payee or beneficiary without requiring the consent of such payee or beneficiary; provided, that such policy has not been assigned as security for debt or other legal consideration.|||Source. 1913, 42:20. PL 278:32. RL 328:30.|
NH Rev Stat § 411:32 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:32 - Negotiation of Insurance.

    411:32 Negotiation of Insurance. –||No insurance shall be negotiated in this state by or on behalf of any such company except by agents or brokers who shall be qualified, appointed and licensed in accordance with the law.|||Source. 1913, 42:22. 1917, 20:4. PL 278:33. RL 328:31.|
NH Rev Stat § 411:33 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411 - Domestic Life Insurance Companies|Section 411:33 - Application of Chapter.

    411:33 Application of Chapter. –||Nothing in this chapter shall affect life insurance companies, associations or societies or accident insurance companies doing business on the assessment plan.|||Source. 1913, 42:21. PL 278:34. RL 328:32.|
NH Rev Stat § 411-A:1 (2021)
2021 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 of value, sufficient liquidity and reasonable diversification.||II. This chapter shall be liberally construed to achieve the objectives of paragraph I.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|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.|
NH Rev Stat § 411-A:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:3 - Eligible Investments.

    411-A:3 Eligible Investments. –||I. Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter.||II. Any investment made or acquired by an insurer prior to July 1, 1978, which investment was permitted by statute at the time it was made, and which investment the insurer was legally entitled to possess on June 30, 1978, shall be deemed to be an eligible investment.||III. Eligibility of any investment made or acquired on or after July 1, 1978, shall be determined in accordance with the provisions of this chapter and shall be determined as of the date of its making or acquisition.||IV. Any investment limitation based upon the amount of the insurer's assets or particular funds shall relate to such assets or funds as shown by the insurer's annual statement as of the December 31 next preceding the date of acquisition of the investment by the insurer, or as shown by a current financial statement resulting from merger of another insurer, bulk reinsurance, or change in capitalization.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:4 - General Qualifications.

    411-A:4 General Qualifications. –||I. Unless specifically authorized by a provision of this chapter, no security investment shall be eligible for acquisition, unless it is interest bearing or interest accruing or entitled to dividends or is otherwise income earning, is not then in default in any respect, and the insurer is entitled to receive for its exclusive account and benefit the interest or income accruing thereon. A debt security will be considered to be income earning where, although bearing no fixed or contingent interest, it is issued at a discount and contains a specific maturity date on which redemption is to be made at a stated value. Stocks will be considered income earning although dividends are currently not being paid. Nothing in this section shall prohibit the acquisition by an insurer of warrants, options or similar rights to acquire securities if the acquisition of such securities would then be permitted by the provisions of this chapter (other than RSA 411-A:30); or if such warrants, options or similar rights are acquired in connection with an investment otherwise permitted by this chapter.||II. Nothing in this chapter shall prohibit the acquisition by an insurer 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 chapter. Nothing in this chapter shall prevent any insurer from entering into an agreement for the purpose of protecting the interests of the insurer 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; and no provision of this chapter shall prevent any insurer 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 chapter shall be disposed of pursuant to RSA 411-A:32 or 411-A:33.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:5 - Authorization; Record of Investments.

    411-A:5 Authorization;  Record of Investments. –||An insurer shall not make any investment of loan, other than policy loans or annuity contract loans, unless the same is authorized or approved by the insurer's board of directors; provided however, that nothing in this chapter shall prohibit an insurer's board of directors from delegating its authority to make and acquire investments and loans. The insurer shall maintain a full record of each investment.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:6 - Diversification.

    411-A:6 Diversification. –||I. An insurer shall not at any one time have any combination of investments in or loans upon the security of obligations, property or securities of any one municipal corporation, institution, person or corporation (other than its lawful subsidiary) aggregating over 10 percent of the insurer's assets. This shall not apply as to general obligations of, or obligations guaranteed by, the United States, its agencies or government sponsored enterprises, or of any state, or of Canada or any province thereof, or include policy loans made under RSA 411-A:27.||II. An insurer shall not invest in or hold at any one time more than 10 percent of the outstanding voting stock of any corporation, except as to voting rights of preferred stock during default of dividends. This does not apply as to stock of a subsidiary of the insurer acquired under RSA 411-A:13 or to controlling stock of an insurer acquired under RSA 411-A:12, II.||III. An insurer shall invest and have invested at any one time in aggregate amount not more than 10 percent of admitted assets in all stocks, investment in which is permitted under RSA 411-A:11, 411-A:12 and 411-A:14, and not more than 20 percent of its assets in stocks referred to in RSA 411-A:10. For the purposes of this paragraph stocks shall be valued at cost. This provision shall not apply to stock of controlled or subsidiary corporations or money market mutual funds.||IV. An insurer shall not at any one time have more than 50 percent of its assets invested in obligations secured by mortgages of real property, exclusive of that portion of such obligations guaranteed or insured by an agency or government sponsored enterprise of the United States government. For the purposes of this paragraph, mortgages shall be valued at book value.|||Source. 1978, 11:1. 2009, 186:8, eff. Jan. 1, 2010.|
NH Rev Stat § 411-A:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:7 - Public Obligations.

    411-A:7 Public Obligations. –||An insurer may invest in bonds or other evidences of indebtedness, not in default as to principal or interest, which are valid and legally authorized obligations issued, assumed or guaranteed by the United States or by any state thereof, or by Canada or any of the provinces thereof, or by any county, city, town, village, municipality or district therein or by any political subdivision thereof or by a public instrumentality of one or more of the foregoing, if, by statutory or other legal requirements applicable thereto, such obligations are payable, as to both principal and interest, from taxes levied or required to be levied upon all taxable property or all taxable income within the jurisdiction of such governmental unit, or from adequate special revenues pledged or otherwise appropriated or by law required to be provided for the purpose of such payment.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:8 - Obligations and Stock of Certain Federal and International Agencies.

    411-A:8 Obligations and Stock of Certain Federal and International Agencies. –||An insurer may invest in obligations and stock which are stated, issued, assumed or guaranteed by the following agencies of the government of the United States:||I. Farm Loan Bank.||II. Commodity Credit Corporation.||III. Federal intermediate credit banks.||IV. Federal land banks.||V. Central Bank for Cooperatives.||VI. Federal home loan banks, and stock thereof.||VII. Federal National Mortgage Association, and stock thereof.||VIII. Government National Mortgage Association.||IX. International Bank for Reconstruction and Development.||X. Inter-American Development Bank.||XI. Asian Development Bank.||XI-a. African Development Bank.||XII. Federal Home Loan Mortgage Corporation.||XIII. Any other similar agency of, or participated in by, the government of the United States and of similar financial quality.|||Source. 1978, 11:1. 1990, 21:2. 2009, 186:9, eff. Jan. 1, 2010.|