New Hampshire § 404-F:7 Hearings

New Hampshire Statutes

§ 404-F:7 — Hearings

New Hampshire § 404-F:7

Title XXXVIIINSURANCE

Ch. 404-FRISK-BASED CAPITAL (RBC) FOR INSURERS

This text of New Hampshire § 404-F:7 (Hearings) 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. § 404-F:7 (2026).

Text

Upon: I. Notification to an insurer by the commissioner of an adjusted RBC report; or II. Notification to an insurer by the commissioner that:

(a)The insurer's RBC plan or revised RBC plan is unsatisfactory; and

(b)Such notification constitutes a regulatory action level event with respect to such insurer; or III. Notification to any insurer by the commissioner that the insurer has failed to adhere to its RBC plan or revised RBC plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its RBC plan or revised RBC plan; or IV. Notification to an insurer by the commissioner of a corrective order with respect to the insurer, the insurer shall have the right to a confiden

Free access — add to your briefcase to read the full text and ask questions with AI

Upon:
I. Notification to an insurer by the commissioner of an adjusted RBC report; or
II. Notification to an insurer by the commissioner that:
(a) The insurer's RBC plan or revised RBC plan is unsatisfactory; and
(b) Such notification constitutes a regulatory action level event with respect to such insurer; or
III. Notification to any insurer by the commissioner that the insurer has failed to adhere to its RBC plan or revised RBC plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its RBC plan or revised RBC plan; or
IV. Notification to an insurer by the commissioner of a corrective order with respect to the insurer,
the insurer shall have the right to a confidential departmental hearing, on the record, at which the insurer may challenge any determination or action by the commissioner. The insurer shall notify the commissioner of its request for a hearing within 5 days after the notification by the commissioner under paragraph I, II, III, or IV. Upon receipt of the insurer's request for a hearing, the commissioner shall set a date for the hearing, which date shall be no less than 10 nor more than 30 days after the date of the insurer's request.