There is a newer version of the New Hampshire Revised Statutes
2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 411 - DOMESTIC LIFE INSURANCE COMPANIES
Section 411:3 - Mutual Companies.
NH Rev Stat § 411:3 (2014) What's This?
411:3 Mutual Companies. – 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.
Source. 1913, 42:2. 1917, 20:1. PL 278:3. RL 328:3. RSA 411:3. 1969, 283:10, eff. June 25, 1969.
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