There is a newer version of the New Hampshire Revised Statutes
2016 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 405-B - NONADMITTED INSURANCE, MULTI-STATE RISKS PREMIUM COLLECTION AND DISBURSEMENT
Section 405-B:2 - Definitions.
NH Rev Stat § 405-B:2 (2016) What's This?
405-B:2 Definitions. –
In this chapter:
I. "Commissioner'' means the insurance commissioner.
II. "Home state'' means, except as provided in subparagraph (b), with respect to an insured:
(a) The state in which an insured maintains its principal place of business or, in the case of an individual, the individual's principal residence; or
(b) If 100 percent of the insured risk is located out of the state referred to in subparagraph (a), the state to which the greatest percentage of the insured's taxable premium for that insurance contract is allocated.
III. "Multi-state risk'' means a risk covered by a nonadmitted insurer with insured exposures in more than one state.
Source. 2011, 191:5, eff. Aug. 13, 2011.
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