New Hampshire § 402-E-2 - Section 402-E:2 Licensure.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 402-E-2 — Section 402-E:2 Licensure., with citation guidance and answers to common questions.
§ 402-E-2. Section 402-E:2 Licensure.
I. No person, firm, association, corporation, or other entity shall act as an MGA until an MGA license has been issued by the commissioner. The license shall be renewed annually thereafter so long as the MGA complies with applicable law and rules and upon remittance of the renewal fee. II. No person, firm, association, or corporation shall act in the capacity of an MGA with respect to risks located in this state for an insurer licensed in this state, unless such person is a licensed producer in this state. III. No person, firm, association, or corporation shall act in the capacity of an MGA representing an insurer domiciled in this state with respect to risks located outside this state unless such person is licensed as a producer in this state, pursuant to the provisions of this chapter. Such license may be a nonresident license. IV. The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer. V. The commissioner may require the MGA to maintain an errors and omissions policy. VI. The commissioner may require financial and other data in form and context satisfactory to the commissioner as part of the license application process.
Frequently Asked Questions About New Hampshire § 402-E-2
What does New Hampshire Revised Statutes Annotated § 402-E-2 cover?
Section 402-E-2 ("Section 402-E:2 Licensure.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 402-E-2?
A common citation format is "New Hampshire Revised Statutes Annotated § 402-E-2" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 402-E-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.