New Hampshire § 405-B:5 Single Home State Rate;  Independently Procured Under RSA 406-B:16

New Hampshire Statutes

§ 405-B:5 — Single Home State Rate; Independently Procured Under RSA 406-B:16

New Hampshire § 405-B:5

Title XXXVIIINSURANCE

Ch. 405-BNONADMITTED INSURANCE, MULTI-STATE RISKS PREMIUM COLLECTION AND DISBURSEMENT

This text of New Hampshire § 405-B:5 (Single Home State Rate; Independently Procured Under RSA 406-B:16) 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. § 405-B:5 (2026).

Text

I. Every insured who procures or causes to be procured or continues or renews insurance with any unlicensed insurer pursuant to RSA 406-B:16 shall collect and pay to the commissioner a sum based on the total gross premiums charged, less any return premiums, for independently procured insurance. II. Where the insurance covers properties, risks, or exposures located or to be performed both in and out of this state, the sum payable shall be computed based on:

(a)An amount equal to 3 percent on the portion of the gross premiums allocated to this state, plus

(b)An amount equal to 3 percent on the portion of the premiums allocated to other states or territories, less

(c)The amount of gross premiums allocated to this state and returned to the insured.

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I. Every insured who procures or causes to be procured or continues or renews insurance with any unlicensed insurer pursuant to RSA 406-B:16 shall collect and pay to the commissioner a sum based on the total gross premiums charged, less any return premiums, for independently procured insurance.
II. Where the insurance covers properties, risks, or exposures located or to be performed both in and out of this state, the sum payable shall be computed based on:
(a) An amount equal to 3 percent on the portion of the gross premiums allocated to this state, plus
(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories, less
(c) The amount of gross premiums allocated to this state and returned to the insured.