PART II. UNAUTHORIZED INSURERS

 

§431:8-201  Transacting insurance businesswithout certificate of authority prohibited.  It shall be unlawful for anyinsurer to transact an insurance business in this State, as defined in section431:1-215, without a certificate of authority, except that this section shallnot apply to:

(1)  The lawful transaction of surplus linesinsurance;

(2)  The lawful transaction of reinsurance byinsurers;

(3)  Transactions in this State involving a policylawfully solicited, written, and delivered outside of this State covering onlysubjects of insurance not resident, located, or expressly to be performed inthis State at the time of issuance, and which transactions are subsequent tothe issuance of such policy;

(4)  Attorneys acting in the ordinary relation ofattorney and client in the adjustment of claims or losses;

(5)  Transactions in this State involving group lifeand group accident and health or sickness or blanket accident and health orsickness insurance or group annuities where the master policy of such groupswas lawfully issued and delivered in and pursuant to the laws of a state inwhich the insurer was authorized to do an insurance business;

(6)  Transactions in this State involving any policyof insurance or annuity contract issued prior to July 1, 1988; and

(7)  Transactions in this State involving ocean marineinsurance. [L 1987, c 347, pt of §2; am L 1989, c 195, §19; am L 2003, c 212,§43]