1. (a) The financial regulation division is responsible for ensuring company solvency, conducting financial examinations, financial analysis, and licensing and registering all domestic and foreign companies and all other regulated entities. The director of financial regulation manages the division in accordance with RSA 400-A:6, VII.

2. (b) The financial regulation division is comprised of 2 units as follows:

   1. (1) The financial examinations unit conducts the on-site financial examination of domestic or foreign insurance companies located throughout the United States. The chief financial examiner manages the unit in accordance with RSA 400-A:6, VII; and

   2. (2) The financial analysis and company licensing unit:

      1. a. Reviews financial records filed with the department by all licensed insurance companies;
      2. b. Grants, suspends, and revokes company licenses based on financial condition or other changes in a company’s business affairs; and
      3. c. Has primary responsibility for the regulation of surplus lines or excess insurance as defined in RSA 405:24 through RSA 405:31.

Source. #2336, eff 4-8-83; ss by #4287, eff 7-1-87; ss by #5653, eff 7-1-93; ss and moved by #6967, eff 3-26-99 (formerly Ins 102.09); ss by #7984, eff 11-10-03; ss by #12983, eff 2-1-20; renumbered by #13218 (formerly Ins 102.06)