Current through Chapter 381 of the 2024 Legislative Session
Section 415-C:3 - [Effective 1/1/2025] Obligor RegistrationI. 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). II. An obligor's registration shall include the following: (a) The obligor's name, address, and phone number.(b) A certified copy of the obligor's charter and bylaws.(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.(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.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.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. Amended by 2024, 166:2, eff. 1/1/2025.Amended by 2023, 154:3, eff. 9/26/2023. 2004, 224 : 1 , eff. Jan. 1, 2005.
This section is set out more than once due to postponed, multiple, or conflicting amendments.