There is a newer version of the New Hampshire Revised Statutes
2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 406-B - UNAUTHORIZED INSURANCE
Section 406-B:12 - Penalty for Unauthorized Insurance.
NH Rev Stat § 406-B:12 (2014) What's This?
406-B:12 Penalty for Unauthorized Insurance. –
I. Any unlicensed insurer who does any unauthorized act of an insurance business as set forth in RSA 406-B:2 shall be fined not more than $10,000.
II. In addition to any other penalty provided for herein or otherwise provided by law, any person or insurer violating this chapter shall be fined $500 for the first offense and an additional sum of $500 for each month or fraction thereof during which any such person or insurer continues such violation.
Source. 2002, 207:40, eff. July 15, 2002.
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