New Hampshire Revised Statutes 411-A:12 – Insurance Stocks
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I. An insurer may, within the limitations set forth in N.H. Rev. Stat. § 401-B:2, invest in the stocks of any solvent insurance company formed under the laws of this or another state, provided that such stocks meet the applicable requirements of N.H. Rev. Stat. § 411-A:10 or 411-A:11.
II. With the commissioner’s advance written consent an insurer may acquire and hold the controlling interest in the outstanding voting stock of a stock insurer formed under the laws of this or another state. The commissioner shall not give his consent if he finds that such acquisition would not be in the best interests of the insurers involved, or of their respective policyholders or stockholders, or that it would lessen competition in the insurance business.
III. An insurer may invest not more than 5 percent of its assets in the stock of any company owning or holding the stock of any life insurance company or companies.
II. With the commissioner’s advance written consent an insurer may acquire and hold the controlling interest in the outstanding voting stock of a stock insurer formed under the laws of this or another state. The commissioner shall not give his consent if he finds that such acquisition would not be in the best interests of the insurers involved, or of their respective policyholders or stockholders, or that it would lessen competition in the insurance business.
Terms Used In New Hampshire Revised Statutes 411-A:12
- 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
III. An insurer may invest not more than 5 percent of its assets in the stock of any company owning or holding the stock of any life insurance company or companies.