There is a newer version of the New Hampshire Revised Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2016 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 403 - GUARANTY FUND OF MUTUAL INSURANCE COMPANIES
Section 403:1 - Guaranty Fund Established Out of Surplus.

NH Rev Stat § 403:1 (2016) What's This?
    403:1 Guaranty Fund Established Out of Surplus. – Any mutual insurance company organized under the laws of this state may establish a guaranty fund in any amount not exceeding $500,000 or not to exceed 1/2 its net policyholders' surplus, whichever is smaller, by appropriation from its net assets. Such guaranty fund shall be considered as paid up capital and be available to meet the obligations of the company, but not to pay dividends or to be otherwise distributed except to meet the obligations of the company when all other assets of the company shall become exhausted.

Source. 1947, 149:1 par. 11, eff. May 15, 1947.

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.