New Hampshire Revised Statutes 415-C:2 – Exemptions
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I. Manufacturer’s service contracts on the manufacturer’s products need only comply with N.H. Rev. Stat. § 415-C:5, 415-C:6, 415-C:7, 415-C:9, 415-C:10, and N.H. Rev. Stat. § 415-C:10-a.
II. Consumer guaranty contracts are not insurance and are exempt from this state‘s insurance laws, except for the provisions of N.H. Rev. Stat. § 400-A:16 through N.H. Rev. Stat. § 400-A:25 or as provided by this chapter.
III. For activities related to the marketing, selling, offering for sale, issuing, making, proposing to make, and administration of consumer guaranty contracts, an obligor or related consumer guaranty contract seller, administrator, or other related person shall be exempt from this state’s insurance laws, except for the provisions of N.H. Rev. Stat. § 400-A:16 through 400-A:25 or as provided by this chapter.
IV. An obligor, administrator, seller, or other related person who provides consumer guaranty contracts and insurance contracts is subject to the state’s laws as they apply to the obligor, administrator, seller, or other related person for each type of agreement.
II. Consumer guaranty contracts are not insurance and are exempt from this state‘s insurance laws, except for the provisions of N.H. Rev. Stat. § 400-A:16 through N.H. Rev. Stat. § 400-A:25 or as provided by this chapter.
Terms Used In New Hampshire Revised Statutes 415-C:2
- Contract: A legal written agreement that becomes binding when signed.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- 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
III. For activities related to the marketing, selling, offering for sale, issuing, making, proposing to make, and administration of consumer guaranty contracts, an obligor or related consumer guaranty contract seller, administrator, or other related person shall be exempt from this state’s insurance laws, except for the provisions of N.H. Rev. Stat. § 400-A:16 through 400-A:25 or as provided by this chapter.
IV. An obligor, administrator, seller, or other related person who provides consumer guaranty contracts and insurance contracts is subject to the state’s laws as they apply to the obligor, administrator, seller, or other related person for each type of agreement.