N.H. Admin. Code § Ban 1104.07

Current through Register No. 50, December 12, 2024

Section Ban 1104.07 - Notification of Changes in Coverage

(a) Banks, nondepository trust companies and credit unions shall give written notice to the commissioner within 10 days of the following changes in fidelity bond coverage:

(1) Type of coverage;

(2) Increase in coverage;

(3) Decrease in coverage if the decrease equals less than 25 percent of the total aggregate amount of the coverage;

(4) Name of underwriter; or

(5) Name of insured.

(b) The notification required in (a) above shall be made a part of the official minutes of the board of directors, managers or trustees.

(c) A copy of the notification shall be maintained in the bank's, nondepository trust company's or credit union's insurance file for future reference.

N.H. Admin. Code § Ban 1104.07

#4025, eff 3-26-86, EXPIRED: 3-26-92

New. #6536, eff 7-2-97, EXPIRED: 7-2-05

New. #9767, eff 8-21-10