N.H. Code Admin. R. Ins 2301.17 - Grounds for Denial, Non-renewal, Suspension, or Revocation of Certificate; Penalty

(a) An administrator shall be subject to the provisions of RSA 402-H:14 and RSA 402-H:16 for the following reasons:

(1) Failure to comply with any provisions of these rules or of RSA 402-H;

(2) Failure to comply with any lawful order of the commissioner;

(3) Committing an unfair or deceptive act or practice as described in RSA 417;

(4) Deterioration of financial condition adversely affecting the certificate holder's ability to operate as an administrator;

(5) Filing an application or any necessary forms with the department which contain fraudulent information or omissions;

(6) Misappropriation, conversion, illegal withholding, or refusal to pay over, upon proper demand, any monies that belong to a person otherwise entitled to them and that have been entrusted to the administrator in his/her fiduciary capacity;

(7) Evidence that an owner, principal, officer, partner, manager, director, stockholder, trustee, employee of the administrator, or the administrator itself has:

a. Had an insurance license or an application for an insurance license in any state denied, suspended, or revoked;

b. Been the subject of a fine, penalty, order, withdrawal, or informal settlement with any state insurance department; or

c. Pled guilty or no contest to any felony or misdemeanor; or

(8) At any time fails to meet any qualification for which the issuance of the certificate could have been refused had such failure then existed and been known to the Department.

Notes

N.H. Code Admin. R. Ins 2301.17

#5787, eff 2-14-94; ss by #7023, eff 7-1-99; ss by #7318, eff 8-1-00; ss by #7506, eff 6-25-01, EXPIRED: 6-25-09

New. #9510, eff 7-10-09

Amended by Volume XXXVII Number 28, Filed July 13, 2017, Proposed by #12228, Effective 7/10/2017, Expires 7/10/2027.