Title XXXVII, Insurance

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.

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 r…

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 corp…

An insurer may invest in personal or real property owned either by the insurer or by a trustee, while under lease to a lessee.

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 sh…

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 …

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.

Any such company, doing or attempting to do life insurance business without a certificate as provided for in this chapter, shall forfeit $ 100 for every day it continues to write new business in this state without such certificate.

I. Subject to the limitations of RSA 411-A:6, an insurer may acquire foreign investments, or engage in investment practices with persons of or in foreign jurisdictions, of substantially the same types as those that an insurer is permitted to acquire under this chapter, if, as a r…

Suits to recover any of the penalties provided for in this chapter shall be instituted in the name of the state on relation of the attorney general, under the direction and by the authority of the commissioner. Said penalties shall be paid to the state.

I. Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter. II. Any investment made or acquired by an insurer prior to July 1, 1978, which investment was permitted by statute at th…

No such certificate shall be issued to such a corporation organized on the mutual plan until at least 500 persons have subscribed in the aggregate for at least $500,000 of insurance upon their lives and shall each have paid in one full annual premium in cash upon the insurance ap…

No such corporation shall transfer its risks, or any part thereof, to, or reinsure its risks, or any part thereof, except reinsurance effected in the ordinary course of business, in any insurance corporation, association or society which is not at the time of such transfer or rei…

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 investm…

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…

The insured in any such corporation shall have the right at any time, with the consent of such corporation, to make a change in his payee or beneficiary without requiring the consent of such payee or beneficiary; provided, that such policy has not been assigned as security for de…

No insurance shall be negotiated in this state by or on behalf of any such company except by agents or brokers who shall be qualified, appointed and licensed in accordance with the law.

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…

Any personal property or securities lawfully acquired by an insurer, which it could not otherwise have invested in or loaned its funds upon at the time of such acquisition, shall be disposed of within 5 years from date of acquisition, unless within such period the security has at…

Nothing in this chapter shall affect life insurance companies, associations or societies or accident insurance companies doing business on the assessment plan.

I. Any real estate, personal property, or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof or any extension of such period granted by the commissioner as provided in RSA 411-A:32 and 411-A:33 shall not be allowed as an asset …

I. In addition to investments excluded pursuant to other provisions of this chapter, an insurer shall not invest in or lend its funds upon the security of: (a) Issued shares of its own capital stock, except: (1) For the purpose of mutualization; or (2) For retirement; or (3) Purs…

The investment portfolio of foreign or alien life insurance companies shall be as permitted by the laws of their domicile if of a quality substantially equal to that required under this chapter for similar funds of like domestic insurers.

Securities held in accordance with the provisions of this chapter shall be valued in accordance with the published valuation standards of the Securities Valuation Office of the National Association of Insurance Commissioners.

The commissioner may issue such rules, regulations and orders as may be necessary to carry out the purpose and provisions of this chapter.

I. Unless specifically authorized by a provision of this chapter, no security investment shall be eligible for acquisition, unless it is interest bearing or interest accruing or entitled to dividends or is otherwise income earning, is not then in default in any respect, and the i…

The president or vice-president, and secretary or actuary, or a majority of the trustees or directors, of every life insurance company organized under the laws of this state, shall annually, on January 1, or within 60 days thereafter, prepare under oath and deposit in the office …

The commissioner is authorized to amend the form of annual statement, and to propose such additional inquiries as he may think necessary to elicit a full exhibit of the standing of such companies.

An insurer shall not make any investment of loan, other than policy loans or annuity contract loans, unless the same is authorized or approved by the insurer's board of directors; provided however, that nothing in this chapter shall prohibit an insurer's board of directors from d…

As soon as practicable after the filing of said annual statement the commissioner shall determine the reserves for all policies of each such company in force on December 31 immediately preceding, in accordance with the provisions of RSA 410.

I. An insurer shall not at any one time have any combination of investments in or loans upon the security of obligations, property or securities of any one municipal corporation, institution, person or corporation (other than its lawful subsidiary) aggregating over 10 percent of …

For the purpose of making such valuation the commissioner may employ a competent actuary, who shall be paid by the company for which the services are rendered; but nothing herein shall prevent any company from making said valuation herein contemplated, which may be received by th…

An insurer may invest in bonds or other evidences of indebtedness, not in default as to principal or interest, which are valid and legally authorized obligations issued, assumed or guaranteed by the United States or by any state thereof, or by Canada or any of the provinces there…

An insurer may invest in obligations and stock which are stated, issued, assumed or guaranteed by the following agencies of the government of the United States: I. Farm Loan Bank. II. Commodity Credit Corporation. III. Federal intermediate credit banks. IV. Federal land banks. V.…

The commissioner shall require a domestic insurance company to make a deposit in trust in an amount necessary, in the discretion of the commissioner for the protection of the company's policyholders, provided that the required deposit shall not exceed the greater of $1,000,000 or…

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, …

Every insurance company which issues insurance on hulls of aircraft, including their accessories and equipment, and liability resulting from the ownership, use or maintenance of aircraft shall file with the insurance commissioner for informational and auditing purposes a copy of …

The purpose of this chapter is: I. To protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates. II. To promote price competition among insurers so as to provide rates that are responsive to competitive market condi…

No insurance company authorized to transact business in this state, which insures against loss by reason of the liability to pay damages to others for damage to property or bodily injury including death, arising from the operation, maintenance, or use of motor vehicles within thi…

When an insurer requires any person to submit to a physical examination as a prerequisite to issuance or delivery of any motor vehicle liability policy, the insurer shall assume and pay the cost of the physical examination.

A competitive market is presumed to exist unless the commissioner, after hearing, determines that a reasonable degree of competition does not exist in the market and the commissioner issues a ruling to that effect. Such ruling shall expire no later than 2 years after issue unless…

I. In determining whether or not a competitive market exists pursuant to RSA 412:13, the commissioner shall monitor the degree of competition in this state. In doing so, the commissioner shall utilize existing relevant information, analytical systems and other sources; cause or p…

Rates shall be made in accordance with the following provisions: I. Rates shall not be excessive, inadequate, or unfairly discriminatory. (a) A rate in a competitive market shall not be disapproved for being excessive. (b) A rate in a noncompetitive market is excessive if it is l…

I. This section shall not apply to: (a) Financial guaranty. (b) Employment practices liability. (c) Commercial inland marine. (d) Directors and officers liability. (e) Boiler and machinery. (f) Commercial credit insurance products. (g) Surety bonds. (h) Mortgage guaranty. (i) Fid…

I. To promote awareness of and incentives for fortified homes and commercial property standards, and other mitigation and resiliency programs, the commissioner shall utilize, develop, or cause to be developed a report which shall be provided on a readily available basis to purcha…