[ARTICLE
11A]



BUSINESS
TRANSACTED WITH PRODUCER CONTROLLED



PROPERTY/CASUALTY
INSURER



 



§431:11A-101  Definitions.  For purposes
of this article:



"Accredited state" means a state in
which the insurance department or regulatory agency meets the minimum financial
regulatory standards promulgated from time to time by the National Association
of Insurance Commissioners.



"Control" has the meaning ascribed in
section 431:11-102.



"Controlled insurer" means a licensed
insurer which is  controlled, directly or indirectly, by a producer.



"Controlling producer" means a
producer who, directly or indirectly, controls an insurer.



"Licensed insurer" or
"insurer" means any person, firm, association, or corporation duly
licensed to transact a property or casualty insurance business in this State. 
The following are not licensed insurers for the purposes of this article:



(1)  All risk retention groups as defined in the
Superfund Amendments Reauthorization Act of 1986, P.L. No. 99-499, 100 Stat.
1613 (1986), and the Risk Retention Act, 15 U.S.C. section 3901 et seq. (1982
and Supp. 1986), and chapter 431K;



(2)  All residual market pools and joint underwriting
authorities or associations; and



(3)  Captive insurers as defined in section
431:19-101.



"Producer" means any person, firm,
association, or corporation licensed pursuant to article 9A, when, for any
compensation, commission, or other thing of value, the person, firm,
association, or corporation acts or aids in any manner in soliciting,
negotiating, or procuring the making of any insurance contract on behalf of an
insured other than the person, firm, association, or corporation. [L 1992, c
176, pt of §1; am L 2002, c 155, §78; am L 2003, c 212, §99]