New Hampshire § 408-C:3 Commission Established and Venue

New Hampshire Statutes

§ 408-C:3 — Commission Established and Venue

New Hampshire § 408-C:3

Title XXXVIIINSURANCE

Ch. 408-CINTERSTATE INSURANCE PRODUCT COMPACT

This text of New Hampshire § 408-C:3 (Commission Established and Venue) 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. § 408-C:3 (2026).

Text

I.The compacting states hereby create and establish a joint public agency known as the "Interstate Insurance Product Regulation Commission." Pursuant to RSA 408-C:4, the commission shall have the power to develop uniform standards for product lines, receive and provide prompt review of products filed therewith, and give approval to those product filings satisfying applicable uniform standards; provided, it is not intended for the commission to be the exclusive entity for receipt and review of insurance product filings. Nothing in this chapter shall prohibit any insurer from filing its product in any state wherein the insurer is licensed to conduct the business of insurance; and any such filing shall be subject to the laws of the state where filed.

II.The commission is a body corporate an

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I. The compacting states hereby create and establish a joint public agency known as the "Interstate Insurance Product Regulation Commission." Pursuant to RSA 408-C:4, the commission shall have the power to develop uniform standards for product lines, receive and provide prompt review of products filed therewith, and give approval to those product filings satisfying applicable uniform standards; provided, it is not intended for the commission to be the exclusive entity for receipt and review of insurance product filings. Nothing in this chapter shall prohibit any insurer from filing its product in any state wherein the insurer is licensed to conduct the business of insurance; and any such filing shall be subject to the laws of the state where filed.
II. The commission is a body corporate and politic, and an instrumentality of the compacting states.
III. The commission is solely responsible for its liabilities except as otherwise specifically provided in this compact.
IV. Venue is proper and judicial proceedings by or against the commission shall be brought solely and exclusively in a court of competent jurisdiction where the principal office of the commission is located.