§431:1-215 - Transaction of an insurance business.
§431:1-215 Transaction of an insurancebusiness. Transaction of an insurance business means any of the followingacts in this State effected by mail or otherwise by or on behalf of aninsurer. The venue of an act committed by mail is at the point where thematter transmitted by mail is delivered and takes effect. Unless otherwiseindicated, the term insurer as used in this definition includes allcorporations, associations, partnerships, and individuals, engaged asprincipals in the business of insurance and also includes reciprocal insurers.
(1) The making of or proposing to make, as aninsurer, an insurance contract;
(2) The making of or proposing to make, as guarantoror surety, any contract of guaranty or suretyship as a vocation and not merelyincidental to any other legitimate business or activity of the guarantor orsurety;
(3) The taking or receiving of any application forinsurance;
(4) The receiving or collection of any premium,commission, membership fees, assessments, dues or other consideration for anyinsurance or any part thereof;
(5) The issuance or delivery of contracts ofinsurance to residents of this State or to persons authorized to do business inthis State;
(6) The transaction of any kind of insurance businessspecifically recognized as transacting an insurance business under this code;or
(7) The transacting or proposing to transact anyinsurance business in substance equivalent to any of the foregoing in a mannerdesigned to evade the provisions of this code. [L 1987, c 347, pt of §2]