N.H. Admin. Code § Ins 4301.06
Current through Register No. 50, December 12, 2024
The insurance producer shall hold the return premiums as a fiduciary. The producer shall retain the return premium in the trust account until remittance to the client is made which is to occur no later than 15 days from the date the return premium is determined by the carrier. If the return premium cannot be delivered to the insured entitled thereto, the funds shall be returned to the insurer. The insurer shall report the funds escheated to the state of New Hampshire, in accordance with applicable statutes.
N.H. Admin. Code § Ins 4301.06
(See Revision Note at chapter heading for Ins 4300) #8935, eff 8-1-07