There is a newer version of the New Hampshire Revised Statutes
2016 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 404-H - NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION ACT OF 2004
Section 404-H:13 - Prevention of Insolvencies.
NH Rev Stat § 404-H:13 (2016) What's This?
404-H:13 Prevention of Insolvencies. –
To aid in the detection and prevention of insurer insolvencies:
I. The board of directors may, upon majority vote, make reports and recommendations to the commissioner upon any matter germane to the solvency, liquidation, rehabilitation, or conservation of any member insurer. Such reports and recommendations shall not be considered public documents.
II. The board of directors may, at the conclusion of any insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the association, and submit such report to the commissioner.
III. The board of directors may, upon majority vote, make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency.
Source. 2004, 197:1, eff. Aug. 6, 2004.
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.
