New Hampshire Statutes
§ 416:5 — Reinsurance
New Hampshire·Title XXXVII INSURANCE·Ch. 416 SURETY COMPANIES·Subdivision Bonds and Funds of Companies
No surety company, whether organized under the laws of this or any other state or territory, shall assume any liability as surety on any bond which shall in amount exceed 10 percent of its net assets, without reinsuring in some surety company authorized to do business in this state the amount by which any liability may exceed said 10 percent.
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Legislative History
1913, 53:1. PL 282:6. RL 332:6.
Nearby Sections
7
§ 416:1
Determination of Solvency§ 416:2
Bonds, Approval§ 416:3
Expense of Bond§ 416:4
Estoppel of Surety§ 416:5
Reinsurance§ 416:6
Investments§ 416:7
Conditions of Entry