There is a newer version of the New Hampshire Revised Statutes
2016 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 411-A - REGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES
Section 411-A:31 - Conversion and Incidental Rights.
NH Rev Stat § 411-A:31 (2016) What's This?
411-A:31 Conversion and Incidental Rights. –
Nothing in this chapter shall be deemed to prohibit an insurer from making an investment otherwise authorized under this chapter, because the investment is convertible into other securities in which the insurer is not permitted to invest under this chapter, or because the insurer receives in connection with such investment stock warrants, whether or not detachable, stock options, stock, property interests or other assets of any kind. Anything so received by the insurer and in which the insurer is otherwise not authorized to invest shall be carried on its books at no value.
Source. 1978, 11:1, eff. July 1, 1978.
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