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Provision text match · United States — New Hampshire · en

RSA 408:26. Qualification of Companies; Subsidiaries and Affiliates.

RSA 408:26. Qualification of Companies; Subsidiaries and Affiliates.

I. No company shall issue for delivery within this state variable products unless it is licensed to do so in this state. II. A variable product license will only be issued to a company licensed in this state to conduct life insurance and annuity business if the commissioner is satisfied that the life insurance company's condition or method of operation in co

Topics: variable products licensing

Provision text match · United States — New Hampshire · en

RSA 403:4. Loans to Companies.

RSA 403:4. Loans to Companies.

Any director, officer, or member of any mutual insurance company, other than a mutual life company, or any other person, may advance to such company any sum or sums of money necessary for the purpose of its business or to enable it to comply with any of the requirements of the law. Such moneys, and such interest thereon as may have been agreed upon, not exce

Topics: company financing, insurance company governance, regulatory compliance, reporting

Provision text match · United States — New Hampshire · en

RSA 391:1-a. Establishment and Use of Common Trust by Bank Holding Company Affiliates.

RSA 391:1-a. Establishment and Use of Common Trust by Bank Holding Company Affiliates.

Any such bank or trust company which is an affiliate of a bank holding company, as the term "affiliate" is defined by the federal Bank Holding Company Act of 1956, as amended, or of a savings and loan holding company as defined by the federal Savings and Loan Holding Company Act, as amended, may establish common trust funds for the purpose of furnishing inve

Topics: collective investment funds, common trust funds, fiduciary investment

Provision text match · United States — New Hampshire · en

RSA 383:9-g. Bank Holding Companies.

RSA 383:9-g. Bank Holding Companies.

The bank commissioner shall also have general supervision of a corporation, partnership, limited partnership, limited liability company, limited liability corporation, business trust, or any other form of business entity organized under the laws of any jurisdiction which (i) beneficially owns, controls or holds the power to vote 25 percent or more of the vot

Topics: bank holding companies, examination costs, regulatory supervision, reporting

Provision text match · United States — New Hampshire · en

RSA 378:44. Definitions.

RSA 378:44. Definitions.

means a person, other than a service provider, who forwards a charge for a product or service offered by a service provider to the utility company for billing to the customer. II. "Commission" means the public utilities commission. III. "Cramming" means a submission or inclusion of unauthorized, misleading, or deceptive charges for products or services on a

Topics: billing, definitions, utility services

Provision text match · United States — New Hampshire · en

RSA 408:24. Insurance Company Not a Trustee.

RSA 408:24. Insurance Company Not a Trustee.

Amounts allocated by an insurance company to separate accounts in the exercise of the power granted by this chapter shall be owned by the insurance company, and the insurance company shall not be, or hold itself out to be, a trustee in respect to such amounts. To the extent so provided under the applicable contracts, that portion of the assets of any such se

Topics: asset ownership, separate accounts, trust status

Provision text match · United States — New Hampshire · en

RSA 402:27. Scope of Subdivision.

RSA 402:27. Scope of Subdivision.

ompanies. The percentage limitations contained in RSA 402:28 and RSA 402:29 shall not be effective until January 1, 1993. Any such domestic company may invest its funds in investments as provided in this subdivision and not otherwise. Notwithstanding the provisions of this subdivision, the insurance commissioner may, after notice and hearing, order a domesti

Topics: corporate governance, investment controls, solvency

Provision text match · United States — New Hampshire · en

RSA 72:8-d. Valuation of Electric, Gas, and Water Utility Company Distribution Assets.

RSA 72:8-d. Valuation of Electric, Gas, and Water Utility Company Distribution Assets.

I. In this section: (a) "FERC" means the Federal Energy Regulatory Commission. (b) "Utility company assets" means the following property not exempt under RSA 72:23: (1) For an electric company providing electricity service to retail customers: the distribution poles, wires, conductors, attachments, meters, transformers, and substations accounted for by the u

Topics: tax reporting, utility asset valuation

Provision text match · United States — New Hampshire · en

RSA 38:31. Discontinuance of Service.

RSA 38:31. Discontinuance of Service.

I. Notwithstanding any other provision of law to the contrary, except as provided in paragraph V of this section, no municipal water company shall disconnect service to a customer if any part of the service provided accrues to the benefit of one or more parties known by company to be residential tenants, unless the company gives written notice to the tenants

Topics: tenant notification, water service discontinuance

Provision text match · United States — New Hampshire · en

RSA 405:58. Exclusion of Companies.

RSA 405:58. Exclusion of Companies.

Whenever it shall appear to the commissioner of this state that any insurance company chartered by this state, and authorized by such commissioner in this state to engage in life, accident and health insurance business or any combination thereof, is refused permission to transact any such business or combination thereof within any state of the United States

Topics: licensing, market access

Provision text match · United States — New Hampshire · en

RSA 82:10. Information Filing and Penalties.

RSA 82:10. Information Filing and Penalties.

I. (a) On or before May 1 of each year the company shall file a form, designated by the commissioner, that details the company's actual financial operating performance, including company income and all expenses, original cost, and depreciated value of all the company's assets, since the prior April 1 of the preceding year. This statement shall include such a

Topics: financial reporting, property transfer notice, tax penalties

Provision text match · United States — New Hampshire · en

RSA 405:12. Licenses.

RSA 405:12. Licenses.

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 Application process and standards, the commissioner shall grant a license to it to do insu

Topics: insurance naming requirements, license issuance, license renewal

Provision text match · United States — New Hampshire · en

RSA 407:22. New Form Adopted.

RSA 407:22. New Form Adopted.

The Standard Fire Policy (with permission to substitute for the word, company, a more accurate descriptive term for the type of insurer) shall be in the following form: Standard Fire Insurance Policy for New Hampshire No. Type of Company Renewal of Number Space for Company Name, Insignia and Location Insured's Name and Mailing Address Space for Producer's Na

Topics: claims handling, fire insurance, property insurance

Provision text match · United States — New Hampshire · en

RSA 402:14. Mutual Companies.

RSA 402:14. Mutual Companies.

No such license shall be issued to a mutual insurance company which charges a full cash premium, unless it has applications for insurance aggregating not less than $500,000 in not less than 200 separate risks, upon which it shall have received in cash at least one premium for a term not less than one year, amounting in the aggregate to at least $10,000; prov

Topics: capital and premium thresholds, licensing, mutual insurance

Provision text match · United States — New Hampshire · en

RSA 410:4. Actuarial Opinion of Reserves.

RSA 410:4. Actuarial Opinion of Reserves.

I. Actuarial Opinion Prior to Operative Date of the Valuation Manual. (a) General. Every life insurance company doing business in this state shall annually submit the opinion of a qualified actuary as to whether the reserves and related actuarial items held in support of the policies and contracts specified by the commissioner by rule are computed appropriat

Topics: actuarial opinion, annual reporting, confidentiality, reserves

Provision text match · United States — New Hampshire · en

RSA 405:26. Companies Excluded.

RSA 405:26. Companies Excluded.

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 in an impaired condition. Source: Source. 1911, 168:2. PL 275:22. RL 325:27. RSA

Topics: company eligibility, insurance licensing

Provision text match · United States — New Hampshire · en

RSA 402:3. Assessment.

RSA 402:3. Assessment.

No person insured in such company, or in any class thereof, in which the amount insured is less than $50,000, shall be assessed any greater sum than he would be if that amount were insured; but the officers of the company shall be individually liable for the indebtedness of the company not provided for by such assessments. Source: Source. 1858, 2082:2. GS 15

Provision text match · United States — New Hampshire · en

RSA 407:17. Suit Against Foreign Company.

RSA 407:17. Suit Against Foreign Company.

A person having a claim against an insurance company not organized under the laws of the state, arising from a transaction with an agent of the company in the state, may sue therefore in the courts of the state. Service of any process pertaining to such action upon the insurance commissioner shall have the same effect as if the company were a domestic corpor

Topics: litigation, service of process

Provision text match · United States — New Hampshire · en

RSA 405:14-a. New License Required for Changed Conditions.

RSA 405:14-a. New License Required for Changed Conditions.

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 finances or managerial control since its last application for a license. The current

Topics: license renewal, regulatory compliance

Provision text match · United States — New Hampshire · en

RSA 82:1. Definitions.

RSA 82:1. Definitions.

In this chapter: I. The word "company" as used in this chapter shall apply to any enterprise, whether corporation, partnership, limited liability company, proprietorship, association, business trust, real estate trust, or other form of organization. II. The term "express corporation or company" shall be construed to mean any corporation or company engaged in

Topics: entity classification, transportation