There is a newer version of the New Hampshire Revised Statutes
2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 411-A - REGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES
Section 411-A:20 - Hydrocarbon Production Payments.
NH Rev Stat § 411-A:20 (2014) What's This?
411-A:20 Hydrocarbon Production Payments. – An insurer may invest in production payments, or interests therein evidenced by trust certificates or other instruments, payable from oil, gas or other hydrocarbons in producing properties located in the United States or the adjacent continental shelf if an obligation secured by and payable from such production payment or interest therein would qualify for investment under RSA 411-A:9 as an obligation which is adequately secured and has investment qualities and characteristics wherein the speculative elements are not predominant. For purposes of this section "production payments'' shall be deemed to mean right to oil, gas or other hydrocarbons in place or as produced which entitle the owner thereof to a specified fraction or percentage of production until a specified sum of money has been received.
Source. 1978, 11:1, eff. July 1, 1978.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
