Section 411-A:5 Authorization; Record of Investments.
An insurer shall not make any investment of loan, other than policy loans or annuity contract loans, unless the same is authorized or approved by the insurer's board of directors; provided however, that nothing in this chapter shall prohibit an insurer's board of directors from delegating its authority to make and acquire investments and loans. The insurer shall maintain a full record of each investment.
Source. 1978, 11:1, eff. July 1, 1978.