New Hampshire Revised Statutes 405-B:2 – Definitions
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In this chapter:
I. “Commissioner” means the insurance commissioner.
II. “Home state” means, except as provided in subparagraph (b), with respect to an insured:
(a) The state in which an insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence; or
(b) If 100 percent of the insured risk is located out of the state referred to in subparagraph (a), the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.
III. “Multi-state risk” means a risk covered by a nonadmitted insurer with insured exposures in more than one state.
I. “Commissioner” means the insurance commissioner.
Terms Used In New Hampshire Revised Statutes 405-B:2
- Contract: A legal written agreement that becomes binding when signed.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
II. “Home state” means, except as provided in subparagraph (b), with respect to an insured:
(a) The state in which an insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence; or
(b) If 100 percent of the insured risk is located out of the state referred to in subparagraph (a), the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is allocated.
III. “Multi-state risk” means a risk covered by a nonadmitted insurer with insured exposures in more than one state.