New Hampshire § 403-1 - Section 403:1 Guaranty Fund Established Out of Surplus.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 403-1 — Section 403:1 Guaranty Fund Established Out of Surplus., with citation guidance and answers to common questions.
§ 403-1. Section 403:1 Guaranty Fund Established Out of Surplus.
Any mutual insurance company organized under the laws of this state may establish a guaranty fund in any amount not exceeding $500,000 or not to exceed 1/2 its net policyholders' surplus, whichever is smaller, by appropriation from its net assets. Such guaranty fund shall be considered as paid up capital and be available to meet the obligations of the company, but not to pay dividends or to be otherwise distributed except to meet the obligations of the company when all other assets of the company shall become exhausted.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 403-1
What does New Hampshire Revised Statutes Annotated § 403-1 cover?
Section 403-1 ("Section 403:1 Guaranty Fund Established Out of Surplus.") 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 § 403-1?
A common citation format is "New Hampshire Revised Statutes Annotated § 403-1" (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 § 403-1 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.