New Hampshire § 403:1 Guaranty Fund Established Out of Surplus

New Hampshire Statutes

§ 403:1 — Guaranty Fund Established Out of Surplus

New Hampshire § 403:1

Title XXXVIIINSURANCE

Ch. 403GUARANTY FUND OF MUTUAL INSURANCE COMPANIES

This text of New Hampshire § 403:1 (Guaranty Fund Established Out of Surplus) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 403:1 (2026).

Text

Any mutual insurance company organized under the laws of this state may establish a guaranty fund in any amount not exceeding $500,000 or not to exceed 1/2 its net policyholders' surplus, whichever is smaller, by appropriation from its net assets. Such guaranty fund shall be considered as paid up capital and be available to meet the obligations of the company, but not to pay dividends or to be otherwise distributed except to meet the obligations of the company when all other assets of the company shall become exhausted.

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Any mutual insurance company organized under the laws of this state may establish a guaranty fund in any amount not exceeding $500,000 or not to exceed 1/2 its net policyholders' surplus, whichever is smaller, by appropriation from its net assets. Such guaranty fund shall be considered as paid up capital and be available to meet the obligations of the company, but not to pay dividends or to be otherwise distributed except to meet the obligations of the company when all other assets of the company shall become exhausted.