New Hampshire Revised Statutes 404-B:16 – Recognition of Assessments in Rates
Current as of: 2023 | Check for updates
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Terms Used In New Hampshire Revised Statutes 404-B:16
- Association: means the New Hampshire Insurance Guaranty Association created under N. See New Hampshire Revised Statutes 404-B:5
- Member insurer: means any person who (a) writes any kind of insurance to which this chapter applies under N. See New Hampshire Revised Statutes 404-B:5
The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.