New Hampshire Statutes
§ 405:4 — Mutual Insurance Company
New Hampshire § 405:4
JurisdictionNew Hampshire
Title XXXVIIINSURANCE
Ch. 405FOREIGN INSURANCE COMPANIES AND THEIR AGENTS
SubdivisionLicenses for Companies
This text of New Hampshire § 405:4 (Mutual Insurance Company) 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. § 405:4 (2026).
Text
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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Bluebook (online)
New Hampshire § 405:4, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/405/405%3A4.