reglab/housing_qa huggingface dataset:
NH Rev Stat § 402-F:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:3 - Required Contract Provisions; Reinsurance Intermediary-Brokers.

    402-F:3 Required Contract Provisions;  Reinsurance Intermediary-Brokers. –||Transactions between an RB and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at a minimum, provide that:||I. The insurer may terminate the RB's authority at any time.||II. The RB shall render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges and other fees received by, or owing, to the RB, and remit all funds due to the insurer within 30 days of receipt.||III. All funds collected for the insurer's account shall be held by the RB in a fiduciary capacity in a bank that is a qualified U.S. financial institution, as defined in RSA 402-F:1, X.||IV. The RB shall comply with the written standards established by the insurer for the cession or retrocession of all risks.||V. The RB shall disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded.||VI. The RB shall comply with RSA 402-F:4.|||Source. 1991, 200:1. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:4 - Books and Records; Reinsurance Intermediary-Brokers.

    402-F:4 Books and Records;  Reinsurance Intermediary-Brokers. –||I. For at least 10 years after expiration of each contract of reinsurance transacted by the RB, the RB shall keep a complete record for each transaction showing:||(a) The type of contract, limits, underwriting restrictions, classes or risks and territory.||(b) Period of coverage, including effective and expiration dates, cancellation provisions and notice required of cancellation.||(c) Reporting and settlement requirements of balances.||(d) Rates used to compute the reinsurance premium.||(e) Names and addresses of assuming reinsurers.||(f) Rates of all reinsurance commissions, including the commissions on any retrocessions handled by the RB.||(g) Related correspondence and memoranda.||(h) Proof of placement.||(i) Details regarding retrocessions handled by the RB, including the identity of retrocessionaires and percentage of each contract assumed or ceded.||(j) Financial records, including but not limited to, premium and loss accounts.||(k) When the RB procures a reinsurance contract on behalf of a licensed ceding insurer:||(1) Directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or||(2) If placed through a representative of the assuming reinsurer, other than an employee, written evidence that such reinsurer has delegated binding authority to the representative.||II. The insurer shall have access and the right to copy and audit all accounts and records maintained by the RB related to its business in a form usable by the insurer.|||Source. 1991, 200:1. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:5 - Duties of Insurers Utilizing the Services of a Reinsurance Intermediary-Broker.

    402-F:5 Duties of Insurers Utilizing the Services of a Reinsurance Intermediary-Broker. –||I. An insurer shall not engage the services of any person, firm, association or corporation to act as an RB on its behalf, unless the person is licensed as required by RSA 402-F:2, I.||II. An insurer may not employ an individual who is employed by an RB with which it transacts business, unless the RB is under common control with the insurer and subject to RSA 401-B.||III. The insurer shall annually obtain a copy of statements of the financial condition of each RB with which it transacts business.|||Source. 1991, 200:1. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:7 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:7 - Prohibited Acts.

    402-F:7 Prohibited Acts. –||The RM shall not:||I. Cede retrocessions on behalf of the reinsurer, except that the RM may cede facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for such retrocession. The guidelines shall include a list of reinsurers with which such automatic agreements are in effect, and for each such reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules.||II. Commit the reinsurer to participate in reinsurance syndicates.||III. Appoint any producer without assuring that the producer is lawfully licensed to transact the type of reinsurance for which he or she is appointed.||IV. Without prior approval of the reinsurer, pay or commit the reinsurer to pay a claim, net of retrocessions, that exceeds the lesser of an amount specified by the reinsurer or one percent of the reinsurer's policyholders' surplus as of December 31 of the last complete calendar year.||V. Collect any payment from a retrocessionaire or commit the reinsurer to any claim settlement with a retrocessionaire, without prior approval of the reinsurer. If prior approval is given, a report must be promptly forwarded to the reinsurer.||VI. Jointly employ an individual who is employed by the reinsurer unless such RM is under common control with the reinsurer subject to RSA 401-B.||VII. Appoint a sub-RM.|||Source. 1991, 200:1. 1993, 254:8. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:8 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:8 - Duties of Reinsurers Utilizing the Services of an RM.

    402-F:8 Duties of Reinsurers Utilizing the Services of an RM. –||I. A reinsurer shall not engage the services of any person, firm, association or corporation to act as an RM on its behalf unless the person is licensed as required by RSA 402-F:2.||II. The reinsurer shall annually obtain a copy of statements of the financial condition of each RM which such reinsurer has engaged prepared by an independent certified accountant in a form acceptable to the commissioner.||III. If an RM establishes loss reserves, the reinsurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the RM. This opinion shall be in addition to any other required loss reserve certification.||IV. Binding authority for all retrocessional contracts or participation in reinsurance syndicates shall rest with an officer of the reinsurer who shall not be affiliated with the RM.||V. Within 30 days of termination of a contract with an RM, the reinsurer shall provide written notification of termination to the commissioner.||VI. A reinsurer shall not appoint to its board of directors any officer, director, employee, controlling shareholder or subproducer of its RM. This paragraph shall not apply to relationships governed by RSA 401-B.|||Source. 1991, 200:1. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:9 - Examination Authority.

    402-F:9 Examination Authority. –||I. A reinsurance intermediary shall be subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts and records of the reinsurance intermediary in a form usable to the commissioner.||II. An RM may be examined as if it were the reinsurer.|||Source. 1991, 200:1. 1993, 254:9. 1997, 284:9. 2007, 255:2, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:9-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:9-a - Compliance With Orders.

    402-F:9-a Compliance With Orders. –||I. An RB or RM shall comply with any order of a court of competent jurisdiction or a duly constituted arbitration panel requiring the production of non-privileged documents by the RB or RM, or the testimony of an employee or other individual otherwise under the control of the RB or RM with respect to any reinsurance transaction for which it acted as an RB or RM.||II. Compliance shall be subject to the right of the RB or RM, and the parties to the reinsurance transaction, to object to the court or arbitration panel concerning the nature or scope of the documents or testimony or the time within which it must comply with the order. Failure to comply with the order shall be deemed to be a material non-compliance with this chapter. However, in no event shall this section be construed to require more than one appearance by the same witness in a single action or arbitration.|||Source. 2007, 255:3, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:10 - Penalties and Liabilities.

    402-F:10 Penalties and Liabilities. –||I. If the commissioner determines that the reinsurance intermediary or any other person has not materially complied with this chapter, or any rule or order adopted under this chapter, after notice and opportunity to be heard, the commissioner may order:||(a) For each separate violation, a civil penalty in an amount not exceeding $5,000.||(b) Revocation or suspension of the reinsurance intermediary's license; and||(c) If it was found that because of such material non-compliance that the insurer or reinsurer has suffered any loss or damage, the commissioner may maintain a civil action brought by or on behalf of the reinsurer or insurer and its policyholders and creditors for recovery of compensatory damages for the benefit of the reinsurer or insurer and its policyholders and creditors or seek other appropriate relief.||II. If an order of rehabilitation or liquidation of the insurer has been entered pursuant to RSA 402-C, and the receiver appointed under that order determines that the reinsurance intermediary or any other person has not materially complied with this chapter, or any rule or order promulgated under this chapter, and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.||III. Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided in the insurance laws.||IV. Nothing contained in this chapter shall in any manner limit or restrict the rights of policyholders, claimants, creditors, or other third parties or confer any rights to such persons.|||Source. 1991, 200:1. 1997, 284:10. 2005, 206:5. 2007, 255:4, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:10-a (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:10-a - Reciprocity.

    402-F:10-a Reciprocity. –||I. The insurance commissioner shall waive any requirements for a nonresident license application with a valid license from the applicant's home state, except the requirements imposed by RSA 402-F:2, if the applicant's home state awards nonresident licenses to residents of this state on the same basis.||II. A nonresident reinsurance intermediary's satisfaction of any applicable home state continuing education requirements, if any, for licenses as insurance producers or reinsurance intermediaries shall constitute satisfaction of the state's continuing education requirements if the nonresident producer's home state recognizes the satisfaction of its continuing education requirements imposed upon producers or reinsurance intermediaries from this state on the same basis.|||Source. 2007, 255:5, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:10-b (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:10-b - Service of Process.

    402-F:10-b Service of Process. –||A reinsurance intermediary, by accepting licensure in this state, is deemed to have consented to the jurisdiction of the commissioner and the courts of this state with respect to all activities conducted under the license, and to have designated the commissioner as its agent for service of process. Each licensed reinsurance intermediary shall furnish the commissioner with the name and address of a designated contact resident of this state to whom notices or orders of the commissioner or process affecting the reinsurance intermediary may be forwarded. The licensee shall promptly notify the commissioner in writing of every change in this designated contact for service of process, and such changes shall not become effective until acknowledged by the commissioner.|||Source. 2007, 255:5, eff. Jan. 1, 2008.|
NH Rev Stat § 402-F:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:11 - Rulemaking.

    402-F:11 Rulemaking. –||The commissioner may adopt rules, under RSA 541-A which are reasonable and necessary for the implementation and administration of this chapter, relative to:||I. Qualifications and application review procedures for licensure under RSA 402-F:2.||II. License suspension and revocation procedures.||III. Procedures for inspecting books, accounts, and records, under RSA 402-F:9.||IV. Hearings, appeals, and enforcement procedures.||V. [Repealed.]|||Source. 1991, 200:1. 2002, 207:29. 2012, 171:26, XIX, eff. Aug. 10, 2012.|
NH Rev Stat § 402-F:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-F - Reinsurance Intermediaries|Section 402-F:12 - Other Applicable Provisions.

    402-F:12 Other Applicable Provisions. –||The provisions of title XXXVII apply to reinsurance intermediaries.|||Source. 1997, 284:11, eff. Jan. 1, 1998.|
NH Rev Stat § 402-G:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-G - Business Transacted With Producer Controlled Property/casualty Act|Section 402-G:1 - Definitions.

    402-G:1 Definitions. –||In this chapter:||I. "Accredited state" means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners (NAIC).||II. "Control" or "controlled" means "control" as defined in RSA 401-B:1, III.||III. "Controlled insurer" means a licensed insurer which is controlled, directly or indirectly, by a producer.||IV. "Controlling producer" means a producer who, directly or indirectly, controls an insurer.||V. "Licensed insurer" or "insurer" means any person, firm, association, or corporation duly licensed to transact a property/casualty insurance business in this state. The following, among others, are not licensed insurers for the purposes of this chapter:||(a) All risk retention groups as defined in the Superfund Amendments Reauthorization Act of 1986, Pub. L. No. 99-499, 100 Stat. 1613 (1986) and the Risk Retention Act, 15 U.S.C. section 3901 et seq. (1982 __ampersand__ Supp. 1986) and RSA 405-A;||(b) All residual market pools and joint underwriting authorities or associations; and||(c) All captive insurers which, for the purposes of this chapter, are insurance companies owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks to member organizations or group members, or both, and their affiliates.||VI. "Producer" means an insurance broker or brokers or any other person, firm, association or corporation, when, for any compensation, commission or other thing of value, such person, firm, association or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.|||Source. 1992, 288:15. 1993, 254:10, eff. Jan. 1, 1994.|
NH Rev Stat § 402-G:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-G - Business Transacted With Producer Controlled Property/casualty Act|Section 402-G:2 - Applicability.

    402-G:2 Applicability. –||This chapter shall apply to licensed insurers, as defined in RSA 402-G:1, V, either domiciled in this state or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of RSA 401-B, to the extent they are not superseded by this chapter, shall continue to apply to all parties within holding company systems subject to the chapter.|||Source. 1992, 288:15, eff. Jan. 1, 1993.|
NH Rev Stat § 402-G:4 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-G - Business Transacted With Producer Controlled Property/casualty Act|Section 402-G:4 - Disclosure.

    402-G:4 Disclosure. –||The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in his records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has or will notify the insured.|||Source. 1992, 288:15, eff. Jan. 1, 1993.|
NH Rev Stat § 402-G:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-G - Business Transacted With Producer Controlled Property/casualty Act|Section 402-G:5 - Penalties.

    402-G:5 Penalties. –||I. (a) If the commissioner believes that the controlling producer or any other person has not materially complied with this chapter, or any rule adopted or order issued under this chapter, after notice and opportunity to be heard, the commissioner may order the controlling producer to cease placing business with the controlled insurer; and||(b) If it was found that because of such material non-compliance that the controlled insurer or any policyholder thereof has suffered any loss or damage, the commissioner may maintain a civil action or intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages for the benefit of the insurer or policyholder or other appropriate relief.||II. If an order for liquidation or rehabilitation of the controlled insurer has been entered pursuant to RSA 402-C, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with this chapter, or any rule adopted or order issued under this chapter, and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.||III. Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance laws.||IV. Nothing contained in this section is intended to or shall in any manner alter or affect the rights of policyholders, claimants, creditors or other third parties.|||Source. 1992, 288:15, eff. Jan. 1, 1993.|
NH Rev Stat § 402-H:2 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-H - Third Party Administrators|Section 402-H:2 - Written Agreement Necessary.

    402-H:2 Written Agreement Necessary. –||I. No administrator shall act as such without a written agreement between the administrator and the insurer and the written agreement shall be retained as part of the official records of both the insurer and the administrator for the duration of the agreement and for 5 years thereafter. The agreement shall contain all provisions required by this chapter, except insofar as those requirements do not apply to the functions performed by the administrator.||II. The written agreement shall include a statement of duties that the administrator is expected to perform on behalf of the insurer and the lines, classes or types of insurance which the administrator is to be authorized to administer. The agreement shall make provision with respect to underwriting or other standards pertaining to the business underwritten by the insurer.||III. The insurer or administrator may, with written notice, terminate the written agreement for cause as provided in the agreement. The insurer may suspend the underwriting authority of the administrator during the pendency of any dispute regarding the cause for termination of the written agreement. The insurer shall fulfill any lawful obligations with respect to policies affected by the written agreement, regardless of any dispute between the insurer and the administrator.|||Source. 1993, 253:1. 2006, 271:2, eff. Aug. 8, 2006.|
NH Rev Stat § 402-H:3 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-H - Third Party Administrators|Section 402-H:3 - Payment to Administrator.

    402-H:3 Payment to Administrator. –||If an insurer utilizes the services of an administrator, the payment to the administrator of any premiums or charges for insurance by or on behalf of the insured party shall be deemed to have been received by the insurer, and the payment of return premiums or claim payments forwarded by the insurer to the administrator shall not be deemed to have been paid to the insured party or claimant until such payments are received by the insured party or claimant. Nothing in this section limits any right of the insurer against the administrator resulting from the failure of the administrator to make payments to the insurer, insured parties, or claimants.|||Source. 1993, 253:1, eff. Jan. 1, 1994.|
NH Rev Stat § 402-H:5 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-H - Third Party Administrators|Section 402-H:5 - Approval of Advertising.

    402-H:5 Approval of Advertising. –||An administrator may use only advertising pertaining to the business underwritten by an insurer that has been approved in writing by the insurer in advance of its use.|||Source. 1993, 253:1. 2006, 271:4, eff. Aug. 8, 2006.|
NH Rev Stat § 402-H:6 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 402-H - Third Party Administrators|Section 402-H:6 - Responsibilities of the Insurer.

    402-H:6 Responsibilities of the Insurer. –||I. If an insurer utilizes the services of an administrator, the insurer shall be responsible for determining the benefits, premium rates, underwriting criteria, and claims payment procedures applicable to the coverage and for securing reinsurance, if any. The rules pertaining to these matters shall be provided, in writing, by the insurer to the administrator. The responsibilities of the administrator as to any of these matters shall be set forth in the written agreement between the administrator and the insurer.||II. It is the sole responsibility of the insurer to provide for competent administration of its programs.||III. In cases in which an administrator administers benefits for more than 100 certificate holders on behalf of an insurer, the insurer shall, at least semi-annually, conduct a review of the operations of the administrator. At least one such review shall be an on-site audit of the operations of the administrator.||IV. For purposes of this section, "insurer" means a licensed insurance company, prepaid hospital or medical care plan, or a health maintenance organization.|||Source. 1993, 253:1. 2006, 271:5, eff. Aug. 8, 2006.|