reglab/housing_qa huggingface dataset:
NH Rev Stat § 403-F:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 403-F - Mutual Insurance Holding Companies|Section 403-F:9 - Membership.

    403-F:9 Membership. –||I. Membership in a mutual insurance holding company shall be determined in accordance with the mutual insurance holding company's articles of incorporation and bylaws and shall be based upon each member holding a policy of insurance with a subsidiary insurance company. Group certificate holders may also be members of the mutual insurance holding company if specified in the bylaws.||II. No member of a mutual insurance holding company may transfer membership or any right arising therefrom.||III. A member of a mutual insurance holding company is not, as such, personally liable for the acts, debts, liabilities, or obligations of the company and may not be assessed by the directors of such company.||IV. A membership interest in a mutual insurance holding company shall not constitute a security, as defined in RSA 421-B:1-102(53).|||Source. 2000, 247:1. 2015, 273:15, eff. Jan. 1, 2016.|
NH Rev Stat § 403-F:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 403-F - Mutual Insurance Holding Companies|Section 403-F:10 - Members' Share of Assets on Voluntary Dissolution.

    403-F:10 Members' Share of Assets on Voluntary Dissolution. –||I. Upon any voluntary dissolution of a domestic mutual insurance holding company, its assets remaining after discharge of its indebtedness, if any, and expenses of administration, shall be distributed to existing persons who were its members at any time within the 3-year period preceding the date such liquidation was authorized or ordered, or date of last termination of the insurer's certificate of authority, whichever date is earlier; except, if the commissioner has reason to believe that those in charge of the management of the mutual insurance holding company have caused or encouraged the reduction of the number of members of the insurer in anticipation of liquidation and for the purpose of reducing thereby the number of persons who may be entitled to share in distribution of the insurer's assets, the commissioner may enlarge the 3-year qualification period by such additional time as the commissioner may deem to be reasonable.||II. The distributive share of each such member shall be determined by a formula based upon such reasonable classifications of members as the commissioner may approve.|||Source. 2000, 247:1, eff. June 8, 2000.|
NH Rev Stat § 403-F:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 403-F - Mutual Insurance Holding Companies|Section 403-F:11 - Application of Holding Company Statutes and Regulations.

    403-F:11 Application of Holding Company Statutes and Regulations. –||Each reorganized subsidiary insurance company shall be subject to the applicable laws of this state relating to insurance holding company systems. A mutual insurance holding company shall not be subject to provisions of this title or rules adopted thereunder with respect to the writing of insurance or required capital or surplus. A mutual insurance holding company system shall be considered an insurance holding company.|||Source. 2000, 247:1, eff. June 8, 2000.|
NH Rev Stat § 403-F:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 403-F - Mutual Insurance Holding Companies|Section 403-F:12 - Converting Mutual Insurance Holding Company.

    403-F:12 Converting Mutual Insurance Holding Company. –||A mutual insurance holding company may convert to a stock holding company by complying with the procedures set forth in RSA 403-B, with the mutual insurance holding company to be treated as the "insurer" and with its members to be treated as "eligible policyholders" for purposes of such chapter.|||Source. 2000, 247:1, eff. June 8, 2000.|
NH Rev Stat § 403-F:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 403-F - Mutual Insurance Holding Companies|Section 403-F:13 - Rulemaking.

    403-F:13 Rulemaking. –||The commissioner shall adopt rules, pursuant to RSA 541-A, as may be necessary for the administration of this chapter.|||Source. 2000, 247:1, eff. June 8, 2000.|
NH Rev Stat § 404-B:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:1 - Title.

    404-B:1 Title. –||This chapter shall be known and may be cited as the New Hampshire Insurance Guaranty Association Act.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:2 - Purpose.

    404-B:2 Purpose. –||The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:3 - Scope.

    404-B:3 Scope. –||This chapter shall apply to all kinds of direct insurance, except life, title, surety, credit, mortgage guaranty, ocean marine, and health insurance as defined in RSA 404-D:3, I.|||Source. 1970, 37:3. 1975, 348:1, eff. Aug. 6, 1975.|
NH Rev Stat § 404-B:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:4 - Construction.

    404-B:4 Construction. –||This chapter shall be liberally construed to effect the purpose under RSA 404-B:2 which shall constitute an aid and guide to interpretation.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:6 - Creation of the Association.

    404-B:6 Creation of the Association. –||There is created a nonprofit unincorporated legal entity to be known as the New Hampshire Insurance Guaranty Association. All insurers defined as member insurers in RSA 404-B:5, VI shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under RSA 404-B:9 and shall exercise its powers through a board of directors established under RSA 404-B:7. For purposes of administration and assessment, the association shall be divided into 3 separate accounts: (a) the workmen's compensation insurance account; (b) the automobile insurance account; and (c) the account for all other insurance to which this chapter applies.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:7 - Board of Directors.

    404-B:7 Board of Directors. –||I. The board of directors of the association shall consist of not less than 5 nor more than 9 persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments. If no members are selected within 60 days after the effective date of this chapter, the commissioner may appoint the initial members of the board of directors.||II. In approving selections to the board, the commissioner shall consider among other things whether all member insurers are fairly represented.||III. Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:10 - Duties and Powers of the Commissioner.

    404-B:10 Duties and Powers of the Commissioner. –||I. The commissioner shall:||(a) Forward to the association a copy of any complaint seeking an order of liquidation with a finding of insolvency against a member company at the same time such complaint is filed with a court of competent jurisdiction.||(b) Notify the association of the existence of an insolvent insurer not later than 3 days after he receives notice of the determination of the insolvency.||(c) Upon request of the board of directors, provide the association with a statement of the net direct written premiums of each member insurer.||(d) Make available to the association as soon as practicable after receipt, but only after court approval, that fraction of any reinsurance treaty proceeds which are directly related to covered claims so that said funds may be used by the association for the prompt payment of said covered claims.||II. The commissioner may:||(a) Require that the association notify the insureds of the insolvent insurer and any other interested parties of the determination of insolvency and of their rights under this chapter. Such notification shall be by mail at their last known address, where available, but if sufficient information for notification by mail is not available, notice by publication in a newspaper of general circulation shall be sufficient.||(b) Suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this state of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the commissioner may levy a fine on any member insurer which fails to pay an assessment when due. Such fine shall be paid to the association and shall not exceed 5 percent of the unpaid assessment per month, except that no fine shall be less than $100 per month.||(c) Revoke the designation of any servicing facility if he finds claims are being handled unsatisfactorily.||(d) Upon request of the association, hold hearings, subpoena witnesses and compel their attendance, administer oaths, examine any person under oath and compel any person to subscribe to his testimony after it has been correctly reduced to writing, and in connection with such hearings require the production of any books, papers, records, or other documents which he deems relevant to the inquiry conducted by said association with respect to covered claims.||III. Any final action or order of the commissioner under this chapter shall be subject to judicial review in a court of competent jurisdiction.|||Source. 1970, 37:3. 1975, 348:6, 7, eff. Aug. 6, 1975.|
NH Rev Stat § 404-B:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:11 - Effect of Paid Claims.

    404-B:11 Effect of Paid Claims. –||I. Any person recovering under this chapter shall be deemed to have assigned his rights under the policy to the association to the extent of his recovery from the association. Every insured or claimant seeking the protection of this chapter shall cooperate with the association to the same extent as such person would have been required to cooperate with the insolvent insurer. The association shall have no cause of action against the insured of the insolvent insurer for any sums it has paid out except such causes of action as the insolvent insurer would have had if such sums had been paid by the insolvent insurer. In the case of an insolvent insurer operating on a plan with assessment liability, payments of claims of the association shall not operate to reduce the liability of insureds to the receiver, liquidator, or statutory successor for unpaid assessments.||II. The receiver, liquidator, or statutory successor of an insolvent insurer shall be bound by settlements of covered claims by the association or a similar organization in another state. The court having jurisdiction shall grant such claims priority equal to that which the claimant would have been entitled in the absence of this chapter against the assets of the insolvent insurer. The expenses of the association or similar organization in handling claims shall be accorded the same priority as the liquidator's expenses.||III. The association shall periodically file with the receiver or liquidator of the insolvent insurer statements of the covered claims paid by the association and estimates of anticipated claims on the association which shall preserve the rights of the association against the assets of the insolvent insurer.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:12 - Nonduplication of Recovery.

    404-B:12 Nonduplication of Recovery. –||I. Any person having a claim against an insurer under any provision in an insurance policy other than a policy of an insolvent insurer which is also a covered claim, including but not limited to the provisions of uninsured motorist coverage of any policy, shall be required to exhaust first his right under such policy. Any amount payable on a covered claim under this chapter shall be reduced by the amount of any recovery under such insurance policy.||II. Any person having a claim which may be recovered under more than one insurance guaranty association or its equivalent shall seek recovery first from the association of the place of residence of the insured except that if it is a first party claim for damage to property with a permanent location, he shall seek recovery first from the association of the location of the property, and if it is a workmen's compensation claim, he shall seek recovery first from the association of the residence of the claimant. Any recovery under this chapter shall be reduced by the amount of recovery from any other insurance guaranty association or its equivalent.|||Source. 1970, 37:3. 1975, 348:8, eff. Aug. 6, 1975.|
NH Rev Stat § 404-B:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:13 - Prevention of Insolvencies.

    404-B:13 Prevention of Insolvencies. –||To aid in the detection and prevention of insurer insolvencies:||I. It shall be the duty of the board of directors, upon majority vote, to notify the commissioner of any information indicating any member insurer may be insolvent or in a financial condition hazardous to the policyholders or the public.||II. The board of directors may, upon majority vote, request that the commissioner order an examination of any member insurer which the board in good faith believes may be in a financial condition hazardous to the policyholders or the public. Within 30 days of the receipt of such request, the commissioner shall begin such examination. The examination may be conducted as a National Association of Insurance Commissioners examination or may be conducted by such persons as the commissioner designates. The cost of such examination shall be paid by the association and the examination report shall be treated as are other examination reports. In no event shall such examination report be released to the board of directors prior to its release to the public, but this shall not preclude the commissioner from complying with paragraph III. The commissioner shall notify the board of directors when the examination is completed. The request for an examination shall be kept on file by the commissioner but it shall not be open to public inspection prior to the release of the examination report to the public.||III. It shall be the duty of the commissioner to report to the board of directors when he has reasonable cause to believe that any member insurer examined or being examined at the request of the board of directors may be insolvent or in a financial condition hazardous to the policyholders or the public.||IV. The board of directors may, upon majority vote, make reports and recommendations to the commissioner upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer. Such reports and recommendations shall not be considered public documents.||V. The board of directors may, upon majority vote, make recommendations to the commissioner for the detection and prevention of insurer insolvencies.||VI. The board of directors shall, at the conclusion of any insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the association, and submit such report to the commissioner.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:14 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:14 - Examination of the Association.

    404-B:14 Examination of the Association. –||The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit, not later than March 30 of each year, a financial report for the preceding calendar year in a form approved by the commissioner.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:15 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:15 - Tax Exemption.

    404-B:15 Tax Exemption. –||The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions except taxes levied on real or personal property.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:16 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:16 - Recognition of Assessments in Rates.

    404-B:16 Recognition of Assessments in Rates. –||The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:17 - Immunity.

    404-B:17 Immunity. –||There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, the association or its agents or employees, the board of directors, or the commissioner or his representatives for any action taken by them in the performance of their powers and duties under this chapter.|||Source. 1970, 37:3, eff. May 4, 1970.|
NH Rev Stat § 404-B:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-B - New Hampshire Insurance Guaranty Association|Section 404-B:18 - Stay of Proceedings; Reopening of Default Judgments.

    404-B:18 Stay of Proceedings;  Reopening of Default Judgments. –||All proceedings in which the insolvent insurer is a party or is obligated to defend a party in any court in this state shall be stayed for 6 months and any additional time thereafter as may be determined by the court from the date the insolvency is determined or an ancillary proceeding is instituted in this state, whichever is later, to permit proper defense by the association of all pending causes of action. As to any covered claims arising from a judgment under any decision, verdict or finding based on the default of the insolvent insurer or its failure to defend an insured, the association either on its own behalf or on behalf of such insured may apply to have such judgment, order, decision, verdict, or finding set aside by the same court or administrator that made such judgment, order, decision, verdict or finding and shall be permitted to defend against such claim on the merits.|||Source. 1970, 37:3. 1975, 348:9, eff. Aug. 6, 1975.|
NH Rev Stat § 404-C:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-C - Mandatory Risk Sharing Plans|Section 404-C:1 - Establishment of Plans.

    404-C:1 Establishment of Plans. –||If the commissioner of insurance finds after a hearing that, in any part of this state, automobile insurance, aviation insurance, property insurance, workers' compensation, accident and health insurance or any form of liability insurance is not readily available in the voluntary market, and that the public interest requires such availability, he may, by rule, either adopt plans to provide such insurance coverage for any risks in this state which are equitably entitled to but otherwise unable to obtain such coverage or he may call upon industry to prepare plans for his approval.|||Source. 1971, 488:1. 1975, 218:1. 1990, 254:38, eff. July 1, 1990.|
NH Rev Stat § 404-C:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-C - Mandatory Risk Sharing Plans|Section 404-C:2 - Purposes and Contents of Risk Sharing Plans.

    404-C:2 Purposes and Contents of Risk Sharing Plans. –||Any plan promulgated or prepared as provided in RSA 404-C:1 shall:||I. Give consideration to:||(a) The need for adequate and readily accessible coverage;||(b) Alternative methods of improving the market affected;||(c) The inherent limitations of the insurance mechanism;||(d) The need for reasonable underwriting standards; and||(e) The requirement of reasonable loss prevention measures;||II. Establish procedures that will create minimum interference with the voluntary market;||III. Spread the burden imposed by the plan equitably and efficiently within the industry; and||IV. Establish procedures for applicants and participants to have grievances reviewed by an impartial body.|||Source. 1971, 488:1, eff. Aug. 31, 1971.|
NH Rev Stat § 404-C:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-C - Mandatory Risk Sharing Plans|Section 404-C:3 - Persons Required to Participate.

    404-C:3 Persons Required to Participate. –||Each plan shall require participation by all insurers licensed in this state to write the kinds of insurance covered by the specific plan and all agents licensed to represent such insurers for the kinds of business covered by the specific plan, except that the commissioner may exclude classes of persons for administrative convenience or because it is not equitable or practicable to require them to participate in the plan.|||Source. 1971, 488:1. 1975, 218:2, eff. Aug. 2, 1975.|
NH Rev Stat § 404-C:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-C - Mandatory Risk Sharing Plans|Section 404-C:4 - Voluntary Participation.

    404-C:4 Voluntary Participation. –||The plan may provide for optional participation by insurers not required to participate as provided in RSA 404-C:3.|||Source. 1971, 488:1, eff. Aug. 31, 1971.|
NH Rev Stat § 404-C:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-C - Mandatory Risk Sharing Plans|Section 404-C:5 - Classifications and Rates.

    404-C:5 Classifications and Rates. –||Each plan shall provide for the method of classifying risks and making and filing rates applicable thereto.|||Source. 1971, 488:1, eff. Aug. 31, 1971.|