New Hampshire Revised Statutes 405:44-e – Required Acknowledgments
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Terms Used In New Hampshire Revised Statutes 405:44-e
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
An insurance consultant who furnishes any advice or counsel as such consultant, makes any recommendation or gives any information except under the terms of a previously executed written contract conforming to N.H. Rev. Stat. § 405:44-d and in full force and effect shall, in every case, give to the recipient a statement in writing, signed by him, in a form currently approved by the commissioner, specifying the advice, counsel, recommendation or information given, and a receipt, in a form currently approved by the commissioner, for the fee paid to him or a statement, in a form currently approved by the commissioner, of the fee to be received by him. Any person, corporation, partnership or association who violates any provision of this section shall be subject to suspension or revocation of his or its license or an administrative fine of not more than $2,500, or both a fine and suspension or revocation.