N.H. Admin. Code § Ins 601.08

Current through Register No. 45, November 7, 2024
Section Ins 601.08 - Credit for Reinsurance Required by Law

Pursuant to RSA 405:47, V, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of RSA 405:47, I, II, III, IV, IV-a, or IV-b, but only as to the insurance of risks located in jurisdictions where such reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means state, district or territory of the United States and any lawful national government. Pursuant to RSA 405:47, V, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of RSA 405:47, I, II, III, IV, IV-a, or IV-b, but only as to the insurance of risks located in jurisdictions where such reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means state, district or territory of the United States and any lawful national government.

N.H. Admin. Code § Ins 601.08

(See Revision Note at chapter heading for Ins 600) #6090, eff 9-7-95, EXPIRED: 9-7-03

New. #8240, eff 1-3-05; ss by #8827, eff 3-1-07; ss by #10449, eff 11-1-13 (from Ins 601.07 )

Amended by Volume XLI Number 49, Filed December 9, 2021, Proposed by #13296, Effective 11/24/2021, Expires 11/24/2031