New Hampshire Revised Statutes 416:5 – Reinsurance
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 416:5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
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.