™Your Policy Risk Impact Agent
116 chapters · 1,704 sections in this title.
RSA 402-E:1 Definitions
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In this chapter: I. "Actuary" means a person who is a member in good standing of the American Academy of Actuaries. II. "Insurer" means any person, firm, association or corporation duly licensed in this state as an insurance company pursuant to title XXXVII. III. (a) "Managing ge…
RSA 402-E:2 Licensure
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I. No person, firm, association, corporation, or other entity shall act as an MGA until an MGA license has been issued by the commissioner. The license shall be renewed annually thereafter so long as the MGA complies with applicable law and rules and upon remittance of the renewa…
RSA 402-E:3 Required Contract Provisions
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No person, firm, association or corporation acting in the capacity of an MGA shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and where both parties share responsibility for a …
RSA 402-E:4 Duties of Insurers
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I. The insurer shall have on file an independent financial examination, in a form acceptable to the commissioner, of each MGA with which it has done business. II. If an MGA establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to the ade…
