NH Rev Stat § 404-F:1 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 404-F - Risk-Based Capital (Rbc) for Insurers|Section 404-F:1 - Definitions.

    404-F:1 Definitions. –||In this chapter:||I. "Adjusted RBC report" means an RBC report which has been adjusted by the commissioner in accordance with RSA 404-F:2, V.||II. "Corrective order" means an order issued by the commissioner specifying corrective actions which the commissioner has determined are required.||III. "Domestic insurer" means any insurance company domiciled in this state.||IV. "Foreign insurer" means any insurance company which is licensed to do business in this state under title XXXVII but is not domiciled in this state.||IV-a. "Health organization" means a health maintenance organization, limited health service organization, dental or vision plan, health service corporation, or other managed care organization licensed under title XXXVII.||V. "NAIC" means the National Association of Insurance Commissioners.||VI. "Life and/or health insurer" means any insurance company licensed under title XXXVII writing life, accident and health insurance or a licensed property and casualty insurer writing only accident and health insurance.||VII. "Property and casualty insurer" means any insurance company licensed under title XXXVII but shall not include monoline mortgage guaranty insurers, financial guaranty insurers, and title insurers.||VIII. "Negative trend" means, with respect to a life and/or health insurer, negative trend over a period of time, as determined in accordance with the "trend test calculation" included in the RBC instructions.||IX. "RBC instructions" means the RBC report including risk-based capital instructions adopted by the NAIC, as such RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.||X. "RBC level" means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:||(a) "Company action level RBC" means, with respect to any insurer, the product of 2.0 and its authorized control level RBC;||(b) "Regulatory action level RBC" means the product of 1.5 and its authorized control level RBC;||(c) "Authorized control level RBC" means the number determined under the risk-based capital formula in accordance with the RBC instructions;||(d) "Mandatory control level RBC" means the product of .70 and the authorized control level RBC.||XI. "RBC plan" means a comprehensive financial plan containing the elements specified in RSA 404-F:3, II. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."||XII. "RBC report" means the report required in RSA 404-F:2.||XIII. "Total adjusted capital" means the sum of:||(a) An insurer's statutory capital and surplus as determined in accordance with statutory accounting applicable to the annual financial statements required to be filed; and||(b) Such other items, if any, as the RBC instructions may provide.|||Source. 1995, 113:1. 2000, 207:1, 2, eff. July 29, 2000. 2018, 177:1, eff. Aug. 7, 2018.|