§431:3-210  Determination of capital funds
of alien insurer.  (a)  The capital funds of an alien insurer shall be
deemed to be the amount by which its assets exceed its liabilities with respect
to its business transacted in the United States.



(b)  Assets of such insurer held in any state
for the special protection of policyholders and obligees in such state shall
not constitute assets of the insurer for the purpose of this code.  Liabilities
of the insurer so secured by such assets but not exceeding the amount of such
assets, may be deducted in computing the insurer's liabilities for the purpose
of this section. [L 1987, c 347, pt of §2]