1. (a) An administrator shall not act on behalf of an insurer without a written agreement with an insurer or other person for whom the services are performed.
2. (b) Pursuant to RSA 402-H:2, the agreement shall be retained by the administrator and the insurer for the period of the contract and for 5 years beyond the contract's termination.

3. (c) The agreement shall contain:

   1. (1) The names and addresses of the parties to the contract;
   2. (2) An enumeration of the responsibilities and contractual obligations of the parties to the agreement;
   3. (3) Provisions for contract termination by either of the parties to the agreement and provisions for the fulfillment of any lawful obligations with respect to policies affected by the written agreement;
   4. (4) The lines, classes, or types of insurance to be administered;
   5. (5) The underwriting or other standards to be used and administered;
   6. (6) The financial arrangement for the transfer of funds between the insurer and the administrator in the conduct of business as stipulated in the contract; and
   7. (7) Other special provisions deemed necessary by the parties to the contract.

Source. #5787, eff 2-14-94; ss by #7023, eff 7-1-99; ss by #7318, eff 8-1-00, EXPIRED: 8-1-08 New. #9510, eff 7-10-09; ss by #12228, eff 7-10-17