PART II. CERTIFICATE OF AUTHORITY

 

§431:3-201  Authority required.  (a)  Noperson shall act as an insurer and no insurer shall transact insurance businessin this State other than as authorized by a certificate of authority granted toit by the commissioner; except as to such transactions as are expresslyotherwise provided in this code.

(b)  The investigation and adjustment of claimsin this State arising under insurance contracts issued by an unauthorizedinsurer, except surplus line insurance issued pursuant to section 431:8-301,shall be deemed to constitute the transaction of insurance in this State,unless the same are isolated or nonrecurring transactions.

(c)  Every certificate of authority shallinclude but not be limited to:

(1)  The name of the insurer and the classes ofinsurance it is authorized to transact in this State; or

(2)  The name of and location of the principal officeof its attorney-in-fact if a reciprocal insurer. [L 1987, c 347, pt of §2; am L1993, c 205, §5; am L 2006, c 189, §4]