New Hampshire Revised Statutes 407:2-a – Combination Coverages
Current as of: 2023 | Check for updates
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Any policy or contract otherwise subject to N.H. Rev. Stat. § 407:2, which includes coverage against the peril of fire and substantial coverage against other perils, need not comply with the provisions of N.H. Rev. Stat. § 407:2, provided:
I. Such policy or contract shall afford coverage, with respect to the peril of fire, not less than the coverage afforded by such New Hampshire Standard Fire Policy;
II. That such coverage as to the peril of fire shall be made subject without change to the same general provisions and stipulations as those of such Standard Fire Policy;
III. The provisions in relation to mortgagee interests and obligations in such Standard Fire Policy shall be incorporated therein without change;
IV. Such policy or contract is complete as to all of its terms without reference to the standard form of fire insurance policy or any other policy;
V. The insurance commissioner is satisfied that such policy or contract complies with the provisions hereof.
I. Such policy or contract shall afford coverage, with respect to the peril of fire, not less than the coverage afforded by such New Hampshire Standard Fire Policy;
Terms Used In New Hampshire Revised Statutes 407:2-a
- Contract: A legal written agreement that becomes binding when signed.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
II. That such coverage as to the peril of fire shall be made subject without change to the same general provisions and stipulations as those of such Standard Fire Policy;
III. The provisions in relation to mortgagee interests and obligations in such Standard Fire Policy shall be incorporated therein without change;
IV. Such policy or contract is complete as to all of its terms without reference to the standard form of fire insurance policy or any other policy;
V. The insurance commissioner is satisfied that such policy or contract complies with the provisions hereof.