N.H. Rev. Stat. § 405-B:5

Current through the 2024 Legislative Session
Section 405-B:5 - Single Home State Rate; Independently Procured Under RSA 406-B:16
I. Every insured who procures or causes to be procured or continues or renews insurance with any unlicensed insurer pursuant to RSA 406-B:16 shall collect and pay to the commissioner a sum based on the total gross premiums charged, less any return premiums, for independently procured insurance.
II. Where the insurance covers properties, risks, or exposures located or to be performed both in and out of this state, the sum payable shall be computed based on:
(a) An amount equal to 3 percent on the portion of the gross premiums allocated to this state, plus
(b) An amount equal to 3 percent on the portion of the premiums allocated to other states or territories, less
(c) The amount of gross premiums allocated to this state and returned to the insured.

RSA 405-B:5

Amended by 2019, 141:2, eff. 1/1/2020.
Added by 2011, 191:5, eff. 8/13/2011.

2011, 191:5, eff. Aug. 13, 2011. 2019, 141:2, eff. Jan. 1, 2020.