RSA 418:29 Suspension or Revocation of License.

Title: XXXVII - INSURANCE Chapter: 418 - FRATERNAL BENEFIT SOCIETIES

I. When the commissioner upon investigation finds that a domestic, foreign or alien society has exceeded its powers; has failed to comply with any provision of this chapter; is not fulfilling its contracts in good faith; has a membership of less than 400 after an existence of one year or more; or is conducting business fraudulently or in a manner hazardous to its members, creditors, the public or the business; the commissioner shall notify the society of such deficiency or deficiencies and state in writing the reasons for his or her dissatisfaction.
II. The commissioner shall at once issue a written notice to the society requiring that the deficiency or deficiencies which exist are corrected. After such notice the society shall have a 30-day period in which to comply with the

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

Read Full Statute