# N.H. Rev. Stat. § 402-C:1: 402-C:1 Title, Construction and Purpose

> New Hampshire · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S1

## Section

- **Citation:** N.H. Rev. Stat. § 402-C:1
- **Heading:** 402-C:1 Title, Construction and Purpose
- **Jurisdiction:** New Hampshire
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NH Code / Title XXXVII / Chapter 402-C / Section 1

## Text

I. Short Title. This chapter may be cited as the "Insurers Rehabilitation and Liquidation Act." II. Construction: No Limitation of Powers. This chapter shall not be interpreted to limit the powers granted the commissioner by other provisions of the law. III. Liberal Construction. This chapter shall be liberally construed to effect the purpose stated in paragraph IV. IV. Purpose. The purpose of this chapter is the protection of the interests of insureds, creditors, and the public generally, with minimum interference with the normal prerogatives of proprietors, through: (a) Early detection of any potentially dangerous condition in an insurer, and prompt application of appropriate corrective measures, neither unduly harsh nor subject to the kind of publicity that would needlessly damage or destroy the insurer; (b) Improved methods for rehabilitating insurers, by enlisting the advice and management expertise of the insurance industry; (c) Enhanced efficiency and economy of liquidation, through clarification and specification of the law, to minimize legal uncertainty and litigation; (d) Equitable apportionment of any unavoidable loss; (e) Lessening the problems of interstate rehabilitation and liquidation by facilitating cooperation between states in the liquidation process, and by extension of the scope of personal jurisdiction over debtors of the insurer outside this state; and (f) Regulation of the insurance business by the impact of the law relating to delinquency procedures and substantive rules on the entire insurance business.

## Nearby sections

- [N.H. Rev. Stat. § 402-C:1 402-C:1 Title, Construction and Purpose.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S1.md)
- [N.H. Rev. Stat. § 402-C:2 402-C:2 Persons Covered.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S2.md)
- [N.H. Rev. Stat. § 402-C:3 402-C:3 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S3.md)
- [N.H. Rev. Stat. § 402-C:4 402-C:4 Jurisdiction and Venue.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S4.md)
- [N.H. Rev. Stat. § 402-C:5 402-C:5 Injunctions and Orders.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S5.md)
- [N.H. Rev. Stat. § 402-C:6 402-C:6 Costs and Expenses of Litigation.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S6.md)
- [N.H. Rev. Stat. § 402-C:7 402-C:7 Cooperation of Officers and Employees.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S7.md)
- [N.H. Rev. Stat. § 402-C:8 402-C:8 Bonds.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S8.md)
- [N.H. Rev. Stat. § 402-C:9 402-C:9 Commissioner's Reports.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S9.md)
- [N.H. Rev. Stat. § 402-C:10 402-C:10 Delinquency Proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S10.md)
- [N.H. Rev. Stat. § 402-C:11 402-C:11 Commissioner's Summary Orders.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S11.md)
- [N.H. Rev. Stat. § 402-C:12 402-C:12 Court's Seizure Order.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S12.md)
- [N.H. Rev. Stat. § 402-C:13 402-C:13 Commissioner's Seizure Order.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S13.md)
- [N.H. Rev. Stat. § 402-C:14 402-C:14 Conduct of Hearings in Summary Proceedings.](https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NH_TXXXVII_C402-C_S1. Check the current official text before relying on it. Not legal advice.