New Hampshire § 405:8 Mill Mutuals

New Hampshire Statutes

§ 405:8 — Mill Mutuals

New Hampshire § 405:8

Title XXXVIIINSURANCE

Ch. 405FOREIGN INSURANCE COMPANIES AND THEIR AGENTS

SubdivisionLicenses for Companies

This text of New Hampshire § 405:8 (Mill Mutuals) 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. § 405:8 (2026).

Text

Mutual fire or mutual employer's liability insurance companies incorporated under the laws of other states, which insure only factories or mills or property connected with such factories or mills, may be admitted to this state upon complying with the conditions set forth herein, and shall comply with all the requirements hereof, except that, in lieu of all other taxation upon premiums in this state, such companies shall annually pay a tax at the rate of 2 percent on gross premiums in force on risks in this state after deducting the unabsorbed portion of such premium computed at the rate of return actually made on annual policies expiring during the year by said insurance companies.

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Mutual fire or mutual employer's liability insurance companies incorporated under the laws of other states, which insure only factories or mills or property connected with such factories or mills, may be admitted to this state upon complying with the conditions set forth herein, and shall comply with all the requirements hereof, except that, in lieu of all other taxation upon premiums in this state, such companies shall annually pay a tax at the rate of 2 percent on gross premiums in force on risks in this state after deducting the unabsorbed portion of such premium computed at the rate of return actually made on annual policies expiring during the year by said insurance companies.