Title XXXVII, Insurance

The commissioner is authorized to make use of any of the powers established under the insurance laws of this state to enforce the laws of this state with regard to risk retention groups and purchasing groups so long as those powers are not specifically preempted by the Product Li…

No such joint stock or mutual insurance company, nor its agents, shall do business in this state until it has filed with the commissioner a written stipulation, agreeing that legal process affecting the company, served on the commissioner for the time being, shall have the same e…

Before a license is granted to a company it shall file with the commissioner a certified copy of its charter and by-laws and a full statement, under oath, of its president and secretary, showing the financial standing and condition of the company, in accordance with blanks furnis…

I. Risk Retention Groups. No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in this state from a risk retention group unless such person, firm, association or corporation is licensed as an insura…

Every joint self-insurance program governed by this chapter shall file with the commissioner a written stipulation, agreeing that legal process affecting the arrangement, served on the commissioner shall have the same effect as if served personally on the company within the state…

I. No foreign insurer which is directly or indirectly owned or controlled in whole or in substantial part by any government or governmental agency shall be authorized to transact insurance in this state. Membership in a mutual insurer or subscribership in a reciprocal insurer or …

An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state (or in all states or in any territory or possession of the United States) upon a finding that such a group is in hazardous f…

I. If the foregoing provisions are complied with and the commissioner is satisfied that the company (a) has the requisite capital and assets; (b) is a safe, reliable company, entitled to confidence; and (c) is consistent with the NAIC's Uniform Certificate of Authority Applicatio…

I. The commissioner may suspend or revoke the approval of any arrangement for any one or more of the following causes: (a) The license issued to the arrangement was obtained by fraud; (b) There were one or more material misrepresentations in the application for the license; (c) T…

If an arrangement is terminated for any reason, it shall pay all outstanding claims, debts, and obligations. The arrangement may retain sufficient funds to provide coverage for such additional period as the officers or trustees of the arrangement consider prudent. In addition, th…

The commissioner may adopt, pursuant to RSA 541-A, such rules relating to risk retention groups or purchasing groups, as may be necessary or desirable to carry out the provisions of this chapter.

Such license may be revoked or restricted at any time by the commissioner for the causes and in the manner prescribed by law.

If, in the opinion of the commissioner, the affairs of a foreign company so licensed are in an unsound or failing condition he shall revoke its license and all licenses that have been granted to its agents, by giving written notice of the revocation to the company and publishing …

I. The commissioner may, upon reasonable notice, conduct an examination of the loss reserves, financial condition, specific excess insurance, and working capital of a multiple-caregiver self-insured risk coverage arrangement. If the commissioner preliminarily finds that the reser…

The commissioner shall require a company licensed under this chapter to apply for a license in accordance with this chapter, if after notifying the company and after holding a hearing if requested, the commissioner finds that the company has undergone a substantial change in fina…

An insurance producer license to act as an agent shall be issued to any eligible person or business entity pursuant to the provisions of RSA 402-J.

Any rehabilitation, liquidation, conservation, or dissolution of an arrangement shall be conducted under the supervision of the commissioner, who shall have all power with respect thereto granted to it under the laws governing the rehabilitation, liquidation, conservation, or dis…

I. Subject to other provisions in this chapter, any arrangement that fails to obtain and maintain a valid approval from the commissioner while operating or maintaining a multiple-caregiver self-insured risk coverage arrangement shall be subject to a fine of not less than $5,000 o…

The commissioner may adopt rules, pursuant to RSA 541-A, as may be necessary to effect the purposes of this chapter.

I. Foreign insurance or surety companies, although authorized to transact business within this state, shall only make, write, place, or cause to be made, written, or placed, policies or contracts of insurance or suretyship which are to be effective within this state through produ…

Notwithstanding other provisions of this title, a person who has not complied with all applicable state insurance licensing and appointment laws and regulations may refer a party to a person who has complied with all applicable state insurance licensing and appointment laws and r…

I. "Commissioner" means the commissioner of the New Hampshire insurance department. II. "Covered entity" means a nonprofit or for-profit provider or servicer of child care, day care, foster care placement, and behavioral health services. III. "Department" means the New Hampshire …

I. A risk retention group shall, pursuant to the provisions of title XXXVII, be chartered and licensed to write only liability insurance pursuant to this chapter, and, except as provided elsewhere in this chapter, shall comply with all of the laws, rules, regulations and requirem…

In this chapter: I. "Commissioner" means the insurance commissioner. II. "Home state" means, except as provided in subparagraph (b), with respect to an insured: (a) The state in which an insured maintains its principal place of business or, in the case of an individual, the indiv…

No such stock insurance company organized on or after January 1, 2026 shall be licensed to do business in the state unless it shall possess a paid-up capital of $3,000,000, invested in securities readily convertible into cash, 1/2 at least of which are not loans secured by real e…

I. Foreign unlicensed companies that satisfy the provisions of RSA 405:26 and are approved by the commissioner as unadmitted surplus lines companies are not subject to any statutory or regulatory provision unless the statute or regulation specifically references unadmitted surplu…

In this subdivision: I. "Admitted insurer" means an insurer licensed to do an insurance business in this state. II. "Alien insurer" means an insurance company formed according to the laws of a foreign country. III. "Capital," as used in the financial requirements of RSA 405:24, m…

Every such licensee shall, on or before the tenth day of each month, execute and file with the commissioner, a statement under oath covering all insurance policies and contracts of insurance or suretyship procured by him under his said license during the calendar month next prece…

Such licensee shall not offer any portion of such insurance to any company which has not been approved by the insurance commissioner and does not possess and maintain a surplus to policyholders of at least $500,000 or to any company which has within the preceding 24 months been i…

No person, unless he shall be so licensed, shall act or aid in any manner in placing policies and contracts of insurance or suretyship to be effective in this state, or other than his own, in any company which is not duly authorized to transact business in this state. No foreign …

Each person so licensed shall keep a separate account of the business done under the license, a certified copy of which account he shall forthwith file with the commissioner, showing the exact amount of such insurance placed for any person, firm or corporation, the gross premium …

I. Each licensed producer shall file with the commissioner, not later than January 31st of each year, a sworn statement of the gross premiums charged for insurance procured or placed and the gross return premiums on such insurance cancelled under such license during the year endi…

For each licensed producer of unlicensed surplus lines companies reporting multi-state transactions, the provisions of RSA 405-B shall apply.

If it is a life insurance company the premium reserve on life risks, based on the actuaries' table of mortality, with interest at 4 percent, shall be treated as a liability.

Risk retention groups chartered and licensed in states other than this state and seeking to do business as a risk retention group in this state shall comply with the laws of this state as follows: I. Notice of Operations and Designation of Commissioner as Agent. Before offering i…

For the purposes of carrying out the provisions of the Nonadmitted and Reinsurance Reform Act of 2010, the commissioner is authorized to enter into a cooperative or reciprocal agreement, or compact with another state in order to facilitate the collection, allocation, and disburse…

I. Any arrangement authorized and meeting the standards required under this chapter is not an insurance company, reciprocal insurer, or insurer under the laws of this state, and administration of any activities of the arrangement shall not constitute doing an insurance business f…

The commissioner shall have authority at all times to investigate any alleged violations of this subdivision, and should he find any to exist he shall report the same to the attorney-general, who shall take proceedings to collect all fees and taxes which may be due from said lice…

Any person who violates or fails to comply with any of the provisions of this subdivision shall be subject to a fine not more than $2,500 or have any license suspended or revoked or shall both be fined and have any license suspended or revoked.

An insurance producer license to act as a broker shall be issued to any eligible person or business entity pursuant to the provisions of RSA 402-J.

I. No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit f…

I. Every person who procures or causes to be procured or continues or renews insurance with a surplus lines company shall collect and pay to the commissioner a sum based on the total gross premiums charged, less any return premiums, for surplus insurance provided by the licensee …

This chapter does not apply to a non-profit or for-profit entity that: I. Individually self-insures for property and liability risks; II. Participates in a risk pooling arrangement, including a risk retention group or a risk purchasing group, regulated under RSA 405-A, or is a ca…

No such mutual insurance company shall be licensed to do business in the state unless it shall possess $800,000 of surplus to policyholders invested as provided in RSA 405:2, nor unless its assets equal its outstanding liabilities, including reinsurance, to be estimated as in the…

Companies issuing policies through their agents on applications from brokers shall be charged with the broker's knowledge of facts to the same extent as if he were their agent.

I. No person, corporation, partnership or association shall engage in any of the following acts without holding a valid producer license pursuant to RSA 402-J and complying with the provisions of RSA 405:44-a through RSA 405:44-g: (a) Place on any advertisements, cards, signs, ci…