New Hampshire § 405-7 - Section 405:7 Net Assets.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 405-7 — Section 405:7 Net Assets., with citation guidance and answers to common questions.
§ 405-7. Section 405:7 Net Assets.
The term net assets, as used herein, shall be taken to mean the funds of an insurance company available for the payment of its obligations in this state, including, in the case of a mutual company, its deposit notes or other contingent funds, its subscription fund and premium notes absolutely due, and also including uncollected and deferred premiums not more than 3 months due, on policies actually in force, after deducting from such funds all unpaid losses and claims, and claims for losses, and all other debts and liabilities inclusive of policy liability and exclusive of capital.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 405-7
What does New Hampshire Revised Statutes Annotated § 405-7 cover?
Section 405-7 ("Section 405:7 Net Assets.") 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 § 405-7?
A common citation format is "New Hampshire Revised Statutes Annotated § 405-7" (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 § 405-7 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.