RSA 402:81 Insurance Premium Refunds.
Title: XXXVII - INSURANCE
Chapter: 402 - INSURANCE COMPANIES AND AGENTS
I. Whenever an insurer owes a refund on an insurance premium paid, that insurer shall pay the refund within 30 days of the date when the refund becomes due.
(a) When an insurance policy is cancelled by a named insured, a refund shall be due from the company or its appointed producer upon receipt of:
(1) The original policy to be cancelled; or
(2) A signed lost policy release; or
(3) A cancellation request from the insured which has been submitted in accordance with provisions of the policy or statute.
(b) When an insurance policy is cancelled by an insurer, a refund shall become due upon the date of cancellation as stated in the notice of cancellation.
(c) For auditable policies:
(1) Audits shall be completed promptly, no more than 120 days