RSA 415-C:3 · Obligor Registration

415-C:3 Obligor Registration. –

Copy link

I.

No obligor shall offer, administer, sell, solicit, negotiate, or act under a consumer guaranty contract in this state unless the obligor registers with the commissioner on a form prescribed by the commissioner and pays the registration fee required by RSA 400-A:29, VIII-a(a).

Copy link

II.

An obligor's registration shall include the following:

Copy link

(a)

The obligor's name, address, and phone number.

Copy link

(b)

A certified copy of the obligor's charter and bylaws.

Copy link

(c)

A certificate giving a full statement, under oath of the obligor's president and secretary, that the fiscal requirements stated in this chapter are met.

Copy link

(d)

Other information in relation to the obligor's condition as may be required by the commissioner, including, but not limited to, the name, address and phone number of all administrators and sellers which shall be updated at least yearly.

Copy link

III.

Every obligor registration made pursuant to this chapter shall expire on the next June 14 following such registration unless renewed prior to that date. Renewal shall be made by paying an annual renewal fee pursuant to RSA 400-A:29, VIII-a(b) and supplementing the original form for any material change to the registration.

Copy link

IV.

Admitted insurers and unadmitted surplus lines insurers that are approved under RSA 405:24 that register as obligors are exempt from paragraph II of this section and RSA 415-C:4. Source. 2004, 224:1, eff. Jan. 1, 2005. 2023, 154:3, eff. Sept. 26, 2023. 2024, 166:2, eff. Jan. 1, 2025.

Copy link