Section Ins 2301.09 - Establishment of Premium Trust Account(a) Each TPA that collects premium or return premiums shall establish a premium trust account for New Hampshire business.(b) If the account is interest bearing, the requirements of Ins 2301.11 shall be observed.(c) Fiduciary funds on New Hampshire business shall at all times be maintained in the premium trust account separate from any other account or depository. Such account shall be in an amount at least equal to the premiums and return premiums, net of commission, received by the TPA and unpaid to the persons entitled thereto or, at such persons' direction or pursuant to written contract, for the account of such persons.(d) The TPA's New Hampshire premium trust account signature card shall contain the following notation: "This is an insurance premium trust account maintained under the provisions of Chapter Ins 2300, Part Ins 2301."(e) Checks drawn on the premium trust account shall bear the notation "Premium Trust Account."N.H. Admin. Code § Ins 2301.09
#5787, eff 2-14-94; ss by #7023, eff 7-1-99; ss by #7318, eff 8-1-00, EXPIRED: 8-1-08
New. #9510, eff 7-10-09
Amended by Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12228, Effective 7/10/2017, Expires 7/10/2027.