RSA 415-E:6 Financial Condition, Loss Reserves, Reinsurance, or Working Capital; Determination of Inadequacy.

Title: XXXVII - INSURANCE Chapter: 415-E - MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS

I. The commissioner may, upon reasonable notice, conduct an examination of the loss reserves, financial condition, specific excess insurance, and working capital of a multiple-employer welfare arrangement. If the commissioner preliminarily finds that the reserves, specific excess insurance, or financial condition may be inadequate, or that the arrangement does not have a combined working capital in an amount establishing the financial strength and liquidity of the arrangement to pay claims promptly and showing evidence of the financial ability of the arrangement to meet its obligations to covered employees, the commissioner shall notify the arrangement of such inadequacy. Upon being so notified, the arrangement shall within 30 days file with the commissioner all information which, i

Log in to read the full statute text and search all NH RSAs.

Read Full Statute