Section 401:5 Combinations of Business. - New Hampshire Statutes

Articles of agreement of such a stock or mutual company may provide for the transaction of any combinations of 2 or more kinds of insurance authorized by RSA 401:1 except that specified by paragraph III of said section which may only be combined with insurance specified in paragraph IV or V, or both. The articles of agreement of a mutual company issuing assessable policies may not provide for the transaction of any but the following combinations of business: That specified in paragraph I of RSA 401:1 with that specified in paragraph II; That specified in paragraphs III, IV, and V or any 2 of said paragraphs; That specified in paragraphs IV, V, VI, and VII or in any 2 or more of said paragraphs, unless such company shall have and maintain a policyholders' surplus of at least $400,000.

Source. 1917, 80:5. PL 272:5. 1939, 25:2. RL 322:5. 1947, 182:4. RSA 401:5. 1969, 283:2, eff. June 25, 1969.