Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
99.1 Temporary exclusion from premium calculation
credited to the accounts of subscribers in respect of reciprocal
contracts in force.
(2) A reciprocal insurance exchange may provide for the
assessment on its subscribers of a premium surcharge over and
above the premiums required by section 88.
(3) The premium surcharge may be assessed only during the year
in which the reciprocal insurance exchange's licence is initially
issued and during the first full year of its renewal after its initial
issue, except that the Minister may, on application by the exchange,
extend the period of authorization of the surcharge for further
one-year periods until the 2nd anniversary of the end of that year in
which the licence was initially issued.
RSA 2000
(4) The reciprocal insurance exchange may exclude the premium
surcharges from "premiums" for the purpose of calculating the
reserve fund requirements of section 99.
2003 c19 s33