reglab/housing_qa huggingface dataset:
NH Rev Stat § 405:49 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:49 - Suspension; Concentration Risk.

    405:49 Suspension;  Concentration Risk. –||I. If an accredited or certified reinsurer ceases to meet the requirements for accreditation or certification, the commissioner may suspend or revoke the reinsurer's accreditation or certification.||(a) The commissioner shall give the reinsurer notice and opportunity for hearing. The suspension or revocation shall not take effect until after the commissioner's order on hearing, unless:||(1) The reinsurer waives its right to a hearing;||(2) The commissioner's order is based on regulatory action by the reinsurer's domiciliary jurisdiction or the voluntary surrender or termination of the reinsurer's eligibility to transact insurance or reinsurance business in its domiciliary jurisdiction or in the primary certifying state of the reinsurer under RSA 405:47, IV-a; or||(3) The commissioner finds that an emergency requires immediate action and a court of competent jurisdiction has not stayed the commissioner's action.||(b) While a reinsurer's accreditation or certification is suspended, no reinsurance contract issued or renewed after the effective date of the suspension qualified for credit except to the extent that the reinsurer's obligations under the contract are secured in accordance with RSA 405:50. If a reinsurer's accreditation or certification is revoked, no credit for reinsurance may be granted after the effective date of the revocation except to the extent that the reinsurer's obligations under the contract are secured in accordance with RSA 405:47, IV-a(e) and RSA 405:50.||II. (a) A ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. A domestic ceding insurer shall notify the commissioner within 30 days after reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, exceeds 50 percent of the domestic ceding insurer's last reported surplus to policyholders, or after it is determined that the reinsurance recoverables from any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification shall demonstrate that the exposure is safely managed by the domestic ceding insurer.||(b) A ceding insurer shall take steps to diversify its reinsurance program. A domestic ceding insurer shall notify the commissioner within 30 days after ceding to any single assuming insurer, or group of affiliated assuming insurers, more than 20 percent of the ceding insurer's gross written premium in the prior calendar year, or after it has determined that the reinsurance ceded to any single assuming insurer, or group of affiliated assuming insurers, is likely to exceed this limit. The notification shall demonstrate that the exposure is safely managed by the domestic ceding insurer.|||Source. 2004, 186:1. 2013, 235:6, eff. Sept. 13, 2013.|
NH Rev Stat § 405:50 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:50 - Asset or Reduction From Liability for Reinsurance Ceded by a Domestic Insurer to an Assuming Insurer Not Meeting the Requirements of RSA 405:47.

    405:50 Asset or Reduction From Liability for Reinsurance Ceded by a Domestic Insurer to an Assuming Insurer Not Meeting the Requirements of RSA 405:47. –||An asset or a reduction from liability for the reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of RSA 405:47 shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer; provided that the commissioner may adopt by rule, pursuant to RSA 541-A, specific additional requirements relating to or setting forth the valuation of assets or reserve credits, the amount and forms of security supporting reinsurance arrangements described in RSA 405:50-a, and the circumstances pursuant to which credit shall be reduced or eliminated. The reduction shall be in the amount of funds held by or on behalf of the ceding insurer, including funds held in trust for the ceding insurer, under a reinsurance contract with the assuming insurer as security for the payment of obligations under such contract, if the security is held in the United States subject to withdrawal solely by, and under the exclusive control of, the ceding insurer; or, in the case of a trust, held in a qualified United States financial institution, as defined in RSA 405:46, III. This security may be in the form of:||I. Cash.||II. Securities listed by the Securities Valuation Office of the National Association of Insurance Commissioners, including those deemed exempt from filing as defined by the Purposes and Procedures Manual of the Securities Valuation Office, and qualifying as admitted assets.||III. (a) Clean, irrevocable, unconditional letters of credit, issued or confirmed by a qualified United States financial institution, as defined in RSA 405:46, II effective no later than December 31, of the year for which filing is being made, and in the possession of, or in trust for, the ceding insurer on or before the filing date of its annual statement;||(b) Letters of credit meeting applicable standards of issuer acceptability as of the dates of their issuance or confirmation shall, notwithstanding the issuing or confirming institution's subsequent failure to meet applicable standards of issuer acceptability, continue to be acceptable as security until their expiration, extension, renewal, modification, or amendment, whichever first occurs.||IV. Any other form of security acceptable to the commissioner.|||Source. 2004, 186:1. 2013, 235:6, eff. Sept. 13, 2013. 2018, 193:2, eff. Aug. 7, 2018. 2020, 37:38, eff. Sept. 27, 2020.|
NH Rev Stat § 405:50-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:50-a - Rulemaking for Reinsurance.

    405:50-a Rulemaking for Reinsurance. –||The commissioner may adopt rules under RSA 541-A relative to reinsurance arrangements as follows:||I. Such rules shall apply only to reinsurance relating to:||(a) Life insurance policies with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits.||(b) Universal life insurance policies with provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period.||(c) Variable annuities with guaranteed death or living benefits.||(d) Long-term care insurance policies.||(e) Such other life and health insurance and annuity products as to which the NAIC adopts model regulatory requirements with respect to credit for reinsurance.||II. A rule adopted pursuant to subparagraph I(a) or I(b) may apply to any treaty containing policies issued on or after January 1, 2015, and policies issued prior to January 1, 2015, if risk pertaining to such pre-2015 policies is ceded in connection with the treaty, in whole or in part, on or after January 1, 2015.||III. A rule adopted under this section may require the ceding insurer, in calculating the amounts or forms of security required to be held, to use the Valuation Manual adopted by the NAIC under Section 11B(1) of the NAIC Standard Valuation Law, including all amendments adopted by the NAIC and in effect on the date as of which the calculation is made, to the extent applicable.||IV. A rule adopted pursuant to this section shall not apply to cessions to an assuming insurer that:||(a) Meets the conditions set forth in RSA 405:47, IV-b; or||(b) Is certified in this state; or||(c) Maintains at least $250,000,000 in capital and surplus when determined in accordance with the NAIC Accounting Practices and Procedures Manual, including all amendments thereto adopted by the NAIC, excluding the impact of any permitted or prescribed practices, and is:||(1) Licensed in at least 26 states; or||(2) Licensed in at least 10 states and licensed or accredited in a total of at least 35 states.|||Source. 2018, 193:3, eff. Aug. 7, 2018. 2020, 37:39, eff. Sept. 27, 2020.|
NH Rev Stat § 405:51 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:51 - Rulemaking.

    405:51 Rulemaking. –||The commissioner may adopt rules, pursuant to RSA 541-A, implementing the provisions of this subdivision.|||Source. 2004, 186:1. 2013, 235:6, eff. Sept. 13, 2013.|
NH Rev Stat § 405:52 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:52 - Reinsurance Agreements Affected.

    405:52 Reinsurance Agreements Affected. –||Credit for reinsurance ceded to a certified reinsurer is allowed only for reinsurance contracts entered into or renewed on or after the effective date of the certification of the assuming insurer by the insurance commissioner.|||Source. 2004, 186:1. 2013, 235:6, eff. Sept. 13, 2013.|
NH Rev Stat § 405:53 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:53 - Reciprocal Denial.

    405:53 Reciprocal Denial. –||If any state shall, by its laws, deny any insurance company or citizen of this state any rights or privileges which are granted to insurance companies and citizens of that state, this state shall in like manner deny to insurance companies and citizens of that state all such rights and privileges, and they shall be subject to all the restrictions and penalties prescribed by that state against insurance companies and citizens of this state.|||Source. 1891, 54:1. PL 275:47. RL 325:52.|
NH Rev Stat § 405:54 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:54 - Writing Insurance.

    405:54 Writing Insurance. –||If, by the laws of any state, the insurance commissioner or other official shall have the power to revoke the license of any company of this state or foreign state for writing insurance upon any person or property of that state, other than through or by a citizen of that state, the insurance commissioner of this state is empowered to revoke the license of any insurance company of that state, or any foreign insurance company licensed to do business in this state, that shall write for or through any agent of that state, directly or indirectly, upon any person or property of this state, except the same be written through a duly authorized agent, who shall be a citizen of this state.|||Source. 1891, 54:1. PL 275:48. RL 325:53.|
NH Rev Stat § 405:55 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:55 - Commissions, etc.

    405:55 Commissions, etc. –||If, by the laws of any other state, agents, brokers or companies of this state are prohibited from receiving commissions on policies of fire or casualty insurance written for them by agents or companies doing business in that state on persons or property residing or located therein the agents, brokers or companies resident in that state shall not be paid any commission, brokerage or other compensation upon any policy written for them by agents or companies doing business in this state.|||Source. 1909, 85:1. PL 275:49. RL 325:54.|
NH Rev Stat § 405:56 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:56 - Penalties.

    405:56 Penalties. –||Any such agent or company of this state, who shall pay such commission, brokerage or other compensation upon any such policy so written for him or them upon persons or property in this state, shall be subject to the same penalties as are prescribed by the laws of that state for agents, brokers or companies of that state, who shall pay such commission, brokerage or other compensation to such agents, brokers or companies of this state.|||Source. 1909, 85:1. PL 275:50. RL 325:55.|
NH Rev Stat § 405:57 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:57 - Notice to Agents.

    405:57 Notice to Agents. –||It shall be the duty of the insurance commissioner, upon receiving information that, by the laws of any other state, agents, brokers or companies, residents of this state, are prohibited from receiving commissions on policies written for them by agents or companies of that state, to notify agents and companies doing business in this state of the existence of such a law and to enforce the same restrictions and penalties as prescribed by the laws of that state.|||Source. 1909, 85:2. PL 275:51. RL 325:56.|
NH Rev Stat § 405:58 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:58 - Exclusion of Companies.

    405:58 Exclusion of Companies. –||Whenever it shall appear to the commissioner of this state that any insurance company chartered by this state, and authorized by such commissioner in this state to engage in life, accident and health insurance business or any combination thereof, is refused permission to transact any such business or combination thereof within any state of the United States or within any foreign country, by the provisions of any law of such state or country which shall in terms prohibit, or shall be construed in such manner as to prohibit, such company from engaging in such business or combination thereof after such company has complied with all other laws of such state or foreign country the commissioner may cancel the authority of, or refuse a license to, every company organized by charter or under the laws of such other state or foreign country to do any of the kinds of business above mentioned in this state, and may refuse a certificate of authority to every such company thereafter applying to him for authority to do any such business in this state, so long as such New Hampshire company shall be refused permission to transact any such business or combination thereof in such other state or foreign country.|||Source. 1915, 151:1. PL 275:52. RL 325:57.|
NH Rev Stat § 405:59 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:59 - Repealed by 1971, 244:19, V, eff. Aug. 17, 1971.

    405:59 Repealed by 1971, 244:19, V, eff. Aug. 17, 1971. –|
NH Rev Stat § 405:60 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:60 - Revocation of Licenses.

    405:60 Revocation of Licenses. –||If any such company shall refuse or neglect to pay any tax, fine, penalty, license, or fee imposed by the laws of this state, or fail to comply with any other requirement thereof, the commissioner may revoke its license.|||Source. 1895, 100:1. 1921, 27:1. PL 275:54. RL 325:59.|
NH Rev Stat § 405:61 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:61 - Request for Information.

    405:61 Request for Information. –||I. Any law enforcement investigator may request an insurance company licensed under this chapter to release any information in its possession relative to the disappearance, theft or loss of any motor vehicle, or other personal property. The insurance company shall release the information and cooperate with any official authorized to request such information pursuant to this section. The information may include but not be limited to:||(a) Any relevant insurance policy;||(b) Policy premium payment records;||(c) History of previous claims made by the insured for the theft, loss or disappearance of any motor vehicle or other personal property;||(d) Any other material relating to the investigation of the theft, loss or disappearance.||II. If an insurance company has reason to suspect that a theft, loss or disappearance of a motor vehicle or other personal property in the amount of $500 or more was caused by other than accidental means, the company shall notify the local or state law enforcement authorities and furnish them, either through a recognized bureau or organization of companies or through the secretary or other officer of the insurance company, with all relevant material acquired during its investigation of the theft, loss or disappearance of a motor vehicle or other personal property. The insurance company shall cooperate with and take such reasonable action as may be requested of it by any law enforcement agency, and permit any person so ordered by a court to inspect any of its records pertaining to the policy and the loss.||III. In the absence of fraud or malice, no public official or insurance company or person who furnishes information on behalf of the insurance company shall be liable for damages in a civil action or subject to criminal prosecution for any oral or written statement made or any other action taken that is necessary to supply information required pursuant to this section.||IV. The recipient of any information furnished pursuant to this section shall hold the information in confidence, and shall only release it to a law enforcement authority or agency or to the insurance department, until such time as its release is required pursuant to a criminal or civil proceeding.||V. An insurer or other person licensed by the insurance department who fails to comply with this section may be subject to administrative action to be taken by the insurance commissioner. The penalty imposed by the commissioner may include a fine not exceeding $2500 in the discretion of the insurance commissioner, or suspension or revocation of such insurer's license, or both.|||Source. 1981, 502:5, eff. Aug. 28, 1981.|
NH Rev Stat § 405:62 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:62 - Approval as a Domestic Insurer.

    405:62 Approval as a Domestic Insurer. –||Any insurer which is organized under the laws of any other state and is admitted to do business in this state for the purpose of writing insurance may become a domestic insurer upon the approval of the commissioner by amending its articles of incorporation or equivalent corporate charter to designate its change of domicile to this state, and by complying with all applicable requirements of Title XXXVII relative to the organization and licensing of a domestic insurer of the same type. Such domestic insurer shall be entitled to like certificates and licenses to transact business in this state, and shall be subject to the authority and jurisdiction of this state.|||Source. 1991, 114:4. 2008, 255:4, eff. Aug. 25, 2008.|
NH Rev Stat § 405:63 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:63 - Conversion of Foreign Insurer.

    405:63 Conversion of Foreign Insurer. –||Any domestic insurer may, upon the approval of the commissioner, transfer its domicile to any other state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer, and shall be admitted to this state if qualified as a foreign insurer.|||Source. 1991, 114:4, eff. May 14, 1991.|
NH Rev Stat § 405:64 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:64 - Effects of Redomestication.

    405:64 Effects of Redomestication. –||The certificate of authority, agents' appointments and licenses, rates, and other items which the commissioner allows, in his discretion, which are in existence at the time any insurer licensed to transact the business of insurance in this state transfers its corporate domicile to this or any other state by merger, consolidation or any other lawful method shall continue in full force and effect upon such transfer if such insurer remains duly qualified to transact the business of insurance in this state. All outstanding policies of any transferring insurer shall remain in full force and effect and need not be endorsed as to the new name of the company or its new location unless so ordered by the commissioner. Every transferring insurer shall file new policy forms with the commissioner on or before the effective date of the transfer, but may use existing policy forms with appropriate endorsements if allowed by, and under such conditions as approved by the commissioner. However, every such transferring insurer shall notify the commissioner of the details of the proposed transfer, and shall file promptly, any resulting amendments to corporate documents filed or required to be filed with the commissioner.|||Source. 1991, 114:4, eff. May 14, 1991.|
NH Rev Stat § 405:65 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405 - Foreign Insurance Companies and Their Agents|Section 405:65 - Filing with Secretary of State.

    405:65 Filing with Secretary of State. –||An insurer transferring its domicile to this state shall file the following documents with the secretary of state, together with applicable filing fees:||I. Restated articles of incorporation or equivalent, as amended pursuant to RSA 405:62; and||II. Executed order of the commissioner approving the redomestication.|||Source. 2008, 255:5. 2015, 273:16, eff. Jan. 1, 2016.|
NH Rev Stat § 405-A:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 405-A - Risk Retention Act|Section 405-A:2 - Risk Retention Groups Chartered in This State.

    405-A:2 Risk Retention Groups Chartered in This State. –||I. A risk retention group shall, pursuant to the provisions of title XXXVII, be chartered and licensed to write only liability insurance pursuant to this chapter, and, except as provided elsewhere in this chapter, shall comply with all of the laws, rules, regulations and requirements applicable to such insurers chartered and licensed in this state and with RSA 405-A:3 to the extent such requirements are not a limitation on laws, rules, regulations or requirements of this state.||II. Before it may offer insurance in any state, each risk retention group shall submit for approval to the insurance commissioner of this state a plan of operation or a feasibility study. The risk retention group shall submit an appropriate revision in the event of any subsequent material change in any item of the plan of operation or feasibility study within 10 days of any such change. The group shall not offer any additional kinds of liability insurance in this state or in any other state until a revision of such plan or study is approved by the commissioner.||III. At the time of filing its application for charter, the risk retention group shall provide to the commissioner in summary form the following information: the identity of the initial members of the group; the identity of those individuals who organized the group or who will provide administrative services or otherwise influence or control the activities of the group; the amount and nature of initial capitalization; the coverages to be afforded; and the states in which the group intends to operate. Upon receipt of the information, the commissioner shall forward such information to the National Association of Insurance Commissioners. Providing notification to the National Association of Insurance Commissioners is in addition to and shall not be sufficient to satisfy the requirements of RSA 405-A:3 or any other section of this chapter.|||Source. 1988, 133:2, eff. April 20, 1988.|