New Hampshire Statutes
§ 411:3 — Mutual Companies
New Hampshire § 411:3
This text of New Hampshire § 411:3 (Mutual Companies) 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. § 411:3 (2026).
Text
No such certificate shall be issued to such a corporation organized on the mutual plan until at least 500 persons have subscribed in the aggregate for at least $500,000 of insurance upon their lives and shall each have paid in one full annual premium in cash upon the insurance applied for, nor until it shall have deposited with the commissioner at least $200,000 in the securities required by law.
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Legislative History
1913, 42:2. 1917, 20:1. PL 278:3. RL 328:3. RSA 411:3. 1969, 283:10, eff. June 25, 1969.
Nearby Sections
15
§ 411:1
Capital Stock§ 411:11
Certificate§ 411:12
Noncompliance§ 411:13
Change of Securities, Etc§ 411:14
Collection of Interest§ 411:2
Certificate of Authority§ 411:28
Acting Without Certificate§ 411:29
Suits for Penalties§ 411:3
Mutual Companies§ 411:30
Transfer of Risks, Etc§ 411:31
Change of Payee, Etc§ 411:32
Negotiation of InsuranceCite This Page — Counsel Stack
Bluebook (online)
New Hampshire § 411:3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nh/411/411%3A3.