New Hampshire § 402:63 Exemption

New Hampshire Statutes

§ 402:63 — Exemption

New Hampshire § 402:63

Title XXXVIIINSURANCE

Ch. 402INSURANCE COMPANIES AND AGENTS

SubdivisionCompany Fees and Taxes

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Bluebook

N.H. Rev. Stat. Ann. § 402:63 (2026).

Text

The provisions of RSA 402:24 and RSA 402:56 and 57 shall not apply to mutual insurance companies that operate on an assessment plan and require as a condition for granting insurance the signing of a premium deposit note by the insured, which note is given for the purpose of establishing a limit of liability to assessment, while their total receipts from policyholders is less than $10,000 per year.

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The provisions of RSA 402:24 and RSA 402:56 and 57 shall not apply to mutual insurance companies that operate on an assessment plan and require as a condition for granting insurance the signing of a premium deposit note by the insured, which note is given for the purpose of establishing a limit of liability to assessment, while their total receipts from policyholders is less than $10,000 per year.