New Hampshire § 411-A:32 Time Limit for Disposal of Real Estate

New Hampshire Statutes

§ 411-A:32 — Time Limit for Disposal of Real Estate

New Hampshire § 411-A:32

Title XXXVIIINSURANCE

Ch. 411-AREGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES

This text of New Hampshire § 411-A:32 (Time Limit for Disposal of Real Estate) 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. § 411-A:32 (2026).

Text

I. Except as stated in paragraph II, or unless the insurer elects to hold the real estate as an investment under RSA 411-A:23, I(g):

(a)An insurer shall dispose of real estate acquired under RSA 411-A:23, I(a) within 5 years after it has ceased to be necessary for the convenient accommodation of the insurer in the transaction of its business.

(b)An insurer shall dispose of real estate acquired under RSA 411-A:23, I(b) through (e) within 5 years after the date of acquisition, unless used or to be used for the insurer's accommodation under RSA 411-A:23, I(a). II. Upon satisfactory proof that the interests of the insurer will suffer materially by the forced sale thereof, the commissioner may by order grant a reasonable extension of the period, as specified in such order within which the ins

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I. Except as stated in paragraph II, or unless the insurer elects to hold the real estate as an investment under RSA 411-A:23, I(g):
(a) An insurer shall dispose of real estate acquired under RSA 411-A:23, I(a) within 5 years after it has ceased to be necessary for the convenient accommodation of the insurer in the transaction of its business.
(b) An insurer shall dispose of real estate acquired under RSA 411-A:23, I(b) through (e) within 5 years after the date of acquisition, unless used or to be used for the insurer's accommodation under RSA 411-A:23, I(a).
II. Upon satisfactory proof that the interests of the insurer will suffer materially by the forced sale thereof, the commissioner may by order grant a reasonable extension of the period, as specified in such order within which the insurer shall dispose of any particular parcel of such real estate. In the alternative, the insurer may continue to hold real estate beyond the limits provided in this section and include such real estate in the category of miscellaneous investments, pursuant to RSA 411-A:30.