RSA 403-F:2 · Definitions

403-F:2 Definitions. – In this chapter:

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I.

"Commissioner" means the insurance commissioner.

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II.

"Eligible policyholder" means, with respect to a mutual fire or casualty insurance company, a policyholder of the insurer on the date of adoption of the plan of reorganization by the board of directors pursuant to RSA 403-F:4, II or, with respect to a mutual life insurance company, such policyholders defined in the plan of reorganization approved by the commissioner.

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III.

"Mutual insurance holding company" means an incorporated entity without permanent capital stock that is organized under this chapter.

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IV.

"Subsidiary insurance company" means a stock insurance company, the majority of the voting shares of the capital stock of which are at all times owned, directly or through an intermediate holding company, by a mutual insurance holding company.

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V.

"Intermediate holding company" means a holding company which is a subsidiary of a mutual insurance holding company, and which directly or through a subsidiary intermediate holding company owns a majority of the voting shares of the capital stock of one or more subsidiary insurance companies. Source. 2000, 247:1, eff. June 8, 2000.

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