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2019 New Hampshire Revised Statutes
Title XXXVII - Insurance
Chapter 416 - Surety Companies
Section 416:5 - Reinsurance.
Universal Citation:
NH Rev Stat § 416:5 (2019)
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416:5 Reinsurance. –
No surety company, whether organized under the laws of this or any other state or territory, shall assume any liability as surety on any bond which shall in amount exceed 10 percent of its net assets, without reinsuring in some surety company authorized to do business in this state the amount by which any liability may exceed said 10 percent.
Source. 1913, 53:1. PL 282:6. RL 332:6.
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