§431:4F-101 - Definitions.
[ARTICLE
4F]
STATE OF
ENTRY FOR ALIEN INSURERS
[§431:4F-101] Definitions. As used in
this article, unless the context requires otherwise:
"Alien insurer" has the same meaning
as set forth in section 431:3-101.
"Trusteed assets" mean the assets in
a trust account required by section 431:4F-104.
"Trusteed surplus" means the
aggregate value of the insurer's general state deposits and trusteed assets
deposited with a trustee in compliance with section 431:4F-105, plus accrued
investment income thereon where such interest is collected by the states for
trustees, less the aggregate net amount of all of the insurer's reserves and
other liabilities in the United States as determined in accordance with section
431:4F-106.
"United States branch" means the business
unit through which business is transacted within the United States by an alien
insurer and the assets and liabilities of the insurer within the United States
pertaining to such business. [L 2004, c 120, pt of §2]