Section Ins 1805.02 - Days-Cash-On-Hand Calculation(a) "UC" means unrestricted current and noncurrent cash.(b) "BTHR" means bond or lender held reserve funds.(c) "IN" means investments.(d) "Ex" means operating expenses.(e) "Dep" means depreciation.(f) "Am" means amortization.(g) To calculate days-cash-on-hand, the commissioner shall calculate the sum of UC and BTHR and IN and divide this result by EX minus Dep minus Am divided by 365, as in the following formula: UC + BTHR + IN
(Ex-Dep-Am)/365
N.H. Admin. Code § Ins 1805.02
Derived From Volume XXXV Number 45, Filed November 12, 2015, Proposed by #10944, Effective 10/8/2015, Expires 10/8/2025.