New Hampshire Statutes
§ 402:14-a — New License Required for Changed Conditions
New Hampshire·Title XXXVII INSURANCE·Ch. 402 INSURANCE COMPANIES AND AGENTS·Subdivision Licenses to Local Companies
The commissioner shall require a company licensed under this chapter to apply for a new 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 license shall expire upon approval of the new application of the company or 30 days after the decision of the commissioner that a substantial change has occurred, whichever is sooner.
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Legislative History
1975, 313:1, eff. Aug. 6, 1975.
Nearby Sections
2
§ 402:14
Mutual Companies