New Hampshire Statutes
§ 405:4 — Mutual Insurance Company
New Hampshire·Title XXXVII INSURANCE·Ch. 405 FOREIGN INSURANCE COMPANIES AND THEIR AGENTS·Subdivision Licenses for Companies
No such mutual insurance company shall be licensed to do business in the state unless it shall possess $800,000 of surplus to policyholders invested as provided in RSA 405:2, nor unless its assets equal its outstanding liabilities, including reinsurance, to be estimated as in the case of joint stock insurance companies, and including also the amount of its guaranteed capital.
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Legislative History
1870, 1:1. 1875, 38:1. 1876, 11:1. GL 174:1. PS 169:3. PL 275:4. RL 325:4. RSA 405:4. 1969, 283:6, eff. June 25, 1969.
Nearby Sections
15
§ 405:1
Requirement§ 405:11
Preliminary Statements§ 405:11-a
Prohibitions§ 405:12
Licenses§ 405:14
Notice of Revocation§ 405:15
Definition; Agent§ 405:17-b
Insuring Through Producers§ 405:17-c
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