In this subdivision:
- I. "Admitted insurer" means an insurer licensed to do an insurance business in this state.
- II. "Alien insurer" means an insurance company formed according to the laws of a foreign country.
- III. "Capital," as used in the financial requirements of RSA 405:24, means funds paid in for stock or other evidence of ownership.
- IV. "Eligible surplus lines insurer" means an unadmitted insurer with which a surplus lines licensee may place surplus lines insurance pursuant to RSA 405:24.
- V. "Foreign insurer" means an insurance company selling policies in a state other than the state in which they are incorporated or domiciled.
- VI. "Insurer" means any person, corporation, association, partnership, and reciprocal exchange, interinsurer, Lloyds insurer, insurance exchange syndicate, and any other legal entity engaged in the of business of insurance.
- VII. "Nonadmitted" or "unadmitted" means an insurer not licensed to do business in this state.
- VIII. "Person" means any natural person or other entity, including, but not limited to, individuals, partnerships, associations, trusts, or corporations.
- IX. "Policy" or "contract" means any contract of insurance, including but not limited to indemnity, fidelity, or suretyship.
- X. "Surplus," as used in the financial requirements of RSA 405:24, means funds over and above liabilities and capital of the company for the protection of policyholders.
- XI. "Surplus lines insurance" means property and casualty insurance in this state on properties, risks or exposures, located or performed in this state, permitted to be placed through a surplus lines licensee with an unadmitted insurer eligible to accept such insurance, pursuant to RSA 405:24.
- XII. "Surplus lines licensee" means an individual, firm, or corporation licensed under RSA 405:24 to place insurance on properties, risks, or exposures located or to be performed in this state with unadmitted insurers eligible to accept such insurance.
- XIII. "Type of insurance" means coverage afforded under the particular policy that is being placed.
Source. 2019, 14:1, eff. July 9, 2019.