RSA 383-A:4-406 Errors and Omissions Liability Insurance.
Title: XXXV - BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS
Chapter: 383-A - BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT
(a) A state bank or credit union shall maintain a liability policy that insures against losses that any of its customers incurs by reason of the errors and omissions of the state bank or credit union or any of its directors, officers, employees, and agents.
(b) Except as provided in subsection (c), the errors and omissions liability policy shall be issued by:
(1) An insurer licensed under the laws of this state; or
(2) A foreign surplus lines insurer authorized to sell insurance in this state and licensed by any state, district, or territory of the United States.
(c) The issuer of the errors and omissions liability policy may be a person other than as described in (b) if, under the terms of the policy, the issuer unconditionally consents to:
(1) The res