Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
113 Security interests
create a security interest in any property of the company to secure
an obligation of the company.
(2) This section does not apply to the creation of a security interest
(a) in relation to the reinsurance by the provincial company of
risks insured by another insurer,
(b) on prescribed classes of personal property or prescribed
classes of transactions, or
(c) on property having an aggregate value that is less than the
prescribed amount.
1999 cI-5.1 s113
RSA 2000