RSA 405:46 Definitions.

In this subdivision:
I. "NAIC" means the National Association of Insurance Commissioners.
II. A "qualified U.S. financial institution" means an institution that:
(a) Is organized or, in the case of a U.S. office of a foreign banking organization, licensed, under the laws of the United States or any state thereof;
(b) Is regulated, supervised, and examined by U.S. federal or state authorities having regulatory authority over banks and trust companies; and
(c) Has been determined by either the commissioner or the Securities Valuation Office of the National Association of Insurance Commissioners to meet such standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose lett