reglab/housing_qa huggingface dataset:
NH Rev Stat § 411-A:9 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:9 - Corporate Obligations.

    411-A:9 Corporate Obligations. –||An insurer may invest in bonds, debentures, notes, mortgage-backed securities, asset-backed securities, and other evidences of indebtedness issued, assumed or guaranteed by any solvent institution created or existing under the laws of the United States or Canada or of any state, district, province or territory thereof, which are not in default as to principal or interest.|||Source. 1978, 11:1. 2009, 186:10, eff. Jan. 1, 2010.|
NH Rev Stat § 411-A:10 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:10 - Preferred or Guaranteed Stock.

    411-A:10 Preferred or Guaranteed Stock. –||An insurer may invest in preferred or guaranteed stocks or shares of any solvent institution existing under the laws of the United States or of Canada, or of any state or province thereof.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:11 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:11 - Common Stocks; Limited Partnerships.

    411-A:11 Common Stocks;  Limited Partnerships. –||An insurer may invest in common stocks of any solvent institution organized and existing under the laws of the United States or Canada, or of any state or province thereof, if such institution has had net earnings available for dividends on such stock in at least 5 of the 7 fiscal years next preceding acquisition by the insurer. As used in this section the term "common stock" includes transferable certificates of participation in business trusts. An insurer may invest in or otherwise acquire and hold a limited partnership interest in any limited partnership formed pursuant to the laws of any state or the United States. No limited partnership interest shall be acquired under this section if the cost thereof would exceed 2 percent of the assets of such insurer nor if such cost, plus the book value on the date of such acquisition of all limited partnership interests then held by such insurer and acquired under this section, would exceed 10 percent of such assets.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:12 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:12 - Insurance Stocks.

    411-A:12 Insurance Stocks. –||I. An insurer may, within the limitations set forth in RSA 401-B:2, invest in the stocks of any solvent insurance company formed under the laws of this or another state, provided that such stocks meet the applicable requirements of RSA 411-A:10 or 411-A:11.||II. With the commissioner's advance written consent an insurer may acquire and hold the controlling interest in the outstanding voting stock of a stock insurer formed under the laws of this or another state. The commissioner shall not give his consent if he finds that such acquisition would not be in the best interests of the insurers involved, or of their respective policyholders or stockholders, or that it would lessen competition in the insurance business.||III. An insurer may invest not more than 5 percent of its assets in the stock of any company owning or holding the stock of any life insurance company or companies.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:13 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:13 - Stock of Subsidiaries.

    411-A:13 Stock of Subsidiaries. –||I. An insurer may, within the limitations set forth in RSA 401-B:2, invest in the stock of its subsidiary insurance corporation formed or acquired by it; or in the stock of its subsidiary business corporation or corporations formed and engaged solely in any one or more of the following businesses:||(a) Any business necessary and incidental to the convenient operation of the insurer's insurance business, or to the administration of any of its lawful affairs, or to the service or benefit of its policyholders;||(b) Any business providing actuarial, computer, data processing, accounting, claims, appraisal, collection, or similar services;||(c) Real estate management and development;||(d) Premium financing;||(e) Financing agents of the insurer;||(f) Acting as investment adviser or principal underwriter of an investment company or companies, registered as such under the Investment Company Act of 1940;||(g) Financial and investment counseling services;||(h) Administration of self-insurance plans;||(i) Administration of self-insured pension and similar plans, or the self-insured portions of such plans;||(j) Acting as administrative agent for a government instrumentality which is performing an insurance function;||(k) Securities broker-dealer;||(l) Escrow services;||(m) Trust services with respect to funds payable or paid by it under its insurance contracts.||II. For the purposes of this section a "subsidiary" is a corporation of which the insurer owns sufficient stock to give it effective control.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:14 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:14 - Mutual Funds.

    411-A:14 Mutual Funds. –||An insurer may invest in the securities of any open-end or closed-end management type investment company or investment trust registered with the Federal Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. section 80a-1 et seq.) as from time to time amended, if such investment company or trust has assets of not less than $25,000,000 as at date of investment by the insurer.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:15 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:15 - Trustees' or Receivers' Obligations.

    411-A:15 Trustees' or Receivers' Obligations. –||An insurer may invest in certificates, notes or other obligations issued by trustees or receivers of any institution created or existing under the laws of the United States or of any state, district or territory thereof, which, or the assets of which, are being administered under the direction of any court having jurisdiction, if such obligation is adequately secured as to principal and interest.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:16 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:16 - Acceptances, Bills of Exchange.

    411-A:16 Acceptances, Bills of Exchange. –||An insurer may invest in those bank and bankers' acceptances and other bills of exchange which are eligible for purchase in the open market by federal reserve banks.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:17 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:17 - Equipment Trust Certificates.

    411-A:17 Equipment Trust Certificates. –||An insurer may invest in equipment trust obligations or certificates which are adequately secured, or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States or Canada and a right to receive determined portions of rental, purchase or other fixed obligatory payments for the use or purchase of such transportation equipment.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:18 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:18 - Bank Deposits.

    411-A:18 Bank Deposits. –||An insurer may have any of its cash funds on deposit in checking or savings accounts, under certificates of deposit, or in any other form in solvent banks or trust companies.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:19 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:19 - Savings and Share Accounts.

    411-A:19 Savings and Share Accounts. –||An insurer may invest in share or savings accounts of savings and loan or building and loan associations to the extent that the investment is insured by the Federal Savings and Loan Insurance Corporation or the Federal Deposit Insurance Corporation.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:20 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:20 - Hydrocarbon Production Payments.

    411-A:20 Hydrocarbon Production Payments. –||An insurer may invest in production payments, or interests therein evidenced by trust certificates or other instruments, payable from oil, gas or other hydrocarbons in producing properties located in the United States or the adjacent continental shelf if an obligation secured by and payable from such production payment or interest therein would qualify for investment under RSA 411-A:9 as an obligation which is adequately secured and has investment qualities and characteristics wherein the speculative elements are not predominant. For purposes of this section "production payments" shall be deemed to mean right to oil, gas or other hydrocarbons in place or as produced which entitle the owner thereof to a specified fraction or percentage of production until a specified sum of money has been received.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:21 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:21 - Real Estate Mortgages.

    411-A:21 Real Estate Mortgages. –||I. An insurer may invest in bonds or notes secured by mortgages or deeds of trust representing first liens upon unencumbered improved real property located in the United States or Canada, including leasehold estates having an unexpired term of not less than 21 years, inclusive of the term or terms which may be provided by enforceable options of renewal, subject to the following conditions:||(a) The amount loaned or the aggregate amount of bonds issued upon the security of a mortgage or deed of trust shall not at the time of the investment exceed 75 percent of the fair market value of the real estate, as such value has been determined by a qualified appraiser. An appraiser shall be presumed to be qualified if he or she is a member in good standing of the American Institute of Appraisers or any other similar professional organization.||(b) In applying the limitation under subparagraph (a), there may be excluded from the amount invested that portion of the investment which is guaranteed by the secretary of veterans' affairs pursuant to the Servicemen's Readjustment Act of 1944 (38 U.S.C. section 1801 et seq.), as amended, or insured by the United States secretary of housing and urban development or other United States or Canadian government agency.||(c) Insurance not less comprehensive than fire and extended coverage must be carried on the improvements on the real estate, in an amount not less than 75 percent of the insurable value of the improvements or the unpaid balance of the investment, whichever is the lesser amount, and the policy or policies evidencing such insurance shall be endorsed to show the interest of the lender.||(d) No mortgage loan upon a leasehold made or acquired by an insurer pursuant to this section shall permit amortization over a period exceeding 4/5 of the lease term remaining at the time of the loan.||II. For the purpose of this section real estate shall not be deemed to be encumbered by reason of the existence of taxes or assessments which are not delinquent, instruments creating or reserving mineral, oil or timber rights, rights-of-way, joint driveways, sewer rights, rights in walls, or by reason of building restrictions or other restrictive covenants, or when such real estate is subject to lease in whole or in part whereby rents or profits are reserved to the owner.||III. In addition to the foregoing and supplemental to RSA 411-A:30 an insurer may, to an aggregate amount not in excess of 5 percent of the assets of such insurer, make and hold loans upon real property, including leasehold estates therein, in any state of the United States, or in the District of Columbia or Puerto Rico, or in any province of the Dominion of Canada, notwithstanding the fact that such loans and the mortgages securing the same do not comply with the provisions of this section.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:22 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:22 - Purchase Money Mortgages.

    411-A:22 Purchase Money Mortgages. –||An insurer may invest in purchase money mortgages or like securities, received by it upon the sale or exchange of real property theretofore owned by it, not subject to the limitations of RSA 411-A:21.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:23 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:23 - Real Estate.

    411-A:23 Real Estate. –||I. Except as provided in RSA 411-A:25, an insurer may invest in real estate only if used for the purposes or acquired in the manner, and within the limits, as follows:||(a) The building in which it has its principal office, the land upon which the building stands, and such other real estate as may be requisite for the insurer's convenient accommodation in the transaction of its business. The amount so invested shall not aggregate more than 10 percent of the insurer's assets.||(b) Real estate acquired in satisfaction of loans, mortgages, liens, judgments, decrees or debts previously owing to the insurer in the due course of its business.||(c) Real estate acquired in part payment of the consideration on the sale of other real estate owned by it, if such transaction shall have effected a net reduction in the insurer's investments in real estate.||(d) Real estate acquired by gift or devise, or through merger, consolidation or bulk reinsurance of another insurer under this chapter.||(e) The seller's interest in real estate subject to an agreement of purchase or sale, but the sum invested in any such interest shall not exceed 2/3 of the fair market value of such parcel.||(f) Additional real estate and equipment incident thereto, if necessary or convenient for the purpose of enhancing the sale or other value of real estate previously acquired or held under this section. Such real estate and equipment, together with the real estate for the enhancement of which it was acquired, shall be included, for the purpose of applicable investment limits, and shall be subject to disposal under RSA 411-A:32 at the same time and under the same conditions as apply to such enhanced real estate.||(g) Improved real estate, or any interest therein, acquired or held by purchase, lease or otherwise, acquired as an investment for production of income, or acquired to be improved or developed for such investment purposes pursuant to an existing program therefor. The insurer may hold, mortgage, improve, develop, maintain, manage, lease, sell, convey and otherwise dispose of real estate acquired by it under this provision.||(h) Real estate acquired pursuant to an insurer's employee relocation program as permitted by RSA 402:28.||II. For the purposes of RSA 411-A:21 and this section, "improved" real estate means:||(a) Farmland used for tillage, crop or pasture;||(b) Real estate on which permanent improvements, or improvements under construction or in process of construction, suitable for residence, residential, recreational, institutional, commercial or industrial use, are situated; and||(c) Real estate to be developed for the use or uses set forth in the previous paragraph, on which improvements, or improvements under construction or in process of construction, such as streets, sidewalks, sewers and utilities which will become an integral part of such development, are situated or abut.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:24 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:24 - Housing Developments.

    411-A:24 Housing Developments. –||To the extent and upon such conditions as may be authorized by the commissioner, an insurer may invest in stock and evidences of indebtedness of any housing company or redevelopment company organized under the private housing finance law of this or any other state, or of any corporation organized for the purpose of owning and operating any housing project under laws expressly designed to promote the provision of housing for persons of low and moderate income, or in the securities of any corporation organized under the laws of this or any other state for the purpose of owning, acquiring or holding real property or any interest therein as an investment for the production of income or to be developed or improved for such investment purpose, if all of the stock other than directors' qualifying shares of such housing company, redevelopment company or corporation has been or is to be originally issued to one or more insurers, whether domestic or foreign. Investments made pursuant to this section shall not be subject to the requirements of RSA 411-A:11.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:25 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:25 - Leased Property.

    411-A:25 Leased Property. –||An insurer may invest in personal or real property owned either by the insurer or by a trustee, while under lease to a lessee.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:26 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:26 - Data Processing Systems.

    411-A:26 Data Processing Systems. –||An insurer may purchase and hold electronic computers and mechanical machines and equipment constituting a data processing and accounting system, provided that the cost thereof shall be amortized in not more than 10 years, and provided further that the unamortized cost thereof shall not at any time exceed one percent of the insurer's admitted assets without the approval of the commissioner.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:27 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:27 - Policy Loans.

    411-A:27 Policy Loans. –||An insurer may lend to a policyholder, upon pledge of the policy as collateral security, any sum not exceeding the cash surrender value of the policy; or may lend against pledge or assignment of any of its supplementary contracts or other contracts or obligations, so long as the loan is adequately secured by such pledge or assignment.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:28 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:28 - Collateral Loans.

    411-A:28 Collateral Loans. –||An insurer may lend its funds upon the pledge of securities eligible for investment under this chapter. No such loan shall exceed the market value of such collateral pledged.|||Source. 1978, 11:1. 2009, 186:11, eff. Jan. 1, 2010.|
NH Rev Stat § 411-A:30 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:30 - Miscellaneous Investments.

    411-A:30 Miscellaneous Investments. –||I. An insurer may make loans or investments not otherwise expressly permitted under this chapter and may make loans or investments in amounts in excess of limits set forth in this chapter, in an aggregate amount not over 10 percent of the insurer's assets, if such loan or investment qualifies as a sound investment. No such loan or investment shall be represented by loans or investments expressly prohibited by statute or by regulation.||II. The insurer shall keep a record of all loans and investments made under this section.|||Source. 1978, 11:1. 2009, 186:13, eff. Jan. 1, 2010.|
NH Rev Stat § 411-A:31 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:31 - Conversion and Incidental Rights.

    411-A:31 Conversion and Incidental Rights. –||Nothing in this chapter shall be deemed to prohibit an insurer from making an investment otherwise authorized under this chapter, because the investment is convertible into other securities in which the insurer is not permitted to invest under this chapter, or because the insurer receives in connection with such investment stock warrants, whether or not detachable, stock options, stock, property interests or other assets of any kind. Anything so received by the insurer and in which the insurer is otherwise not authorized to invest shall be carried on its books at no value.|||Source. 1978, 11:1, eff. July 1, 1978.|
NH Rev Stat § 411-A:32 (2021)
2021 New Hampshire Revised Statutes|Title XXXVII - Insurance|Title 411-A - Regulation of Investments of Life Insurance Companies|Section 411-A:32 - Time Limit for Disposal of Real Estate.

    411-A:32 Time Limit for Disposal of Real Estate. –||I. Except as stated in paragraph II, or unless the insurer elects to hold the real estate as an investment under RSA 411-A:23, I(g):||(a) An insurer shall dispose of real estate acquired under RSA 411-A:23, I(a) within 5 years after it has ceased to be necessary for the convenient accommodation of the insurer in the transaction of its business.||(b) An insurer shall dispose of real estate acquired under RSA 411-A:23, I(b) through (e) within 5 years after the date of acquisition, unless used or to be used for the insurer's accommodation under RSA 411-A:23, I(a).||II. Upon satisfactory proof that the interests of the insurer will suffer materially by the forced sale thereof, the commissioner may by order grant a reasonable extension of the period, as specified in such order within which the insurer shall dispose of any particular parcel of such real estate. In the alternative, the insurer may continue to hold real estate beyond the limits provided in this section and include such real estate in the category of miscellaneous investments, pursuant to RSA 411-A:30.|||Source. 1978, 11:1, eff. July 1, 1978.|