New Hampshire: premium trust account rules
What New Hampshire requires of insurance producers holding premium funds, and what happens when those funds are diverted.
Citation
§§ 402:50; 402:53
Source chart last reviewed this jurisdiction: 2/25
What the jurisdiction requires
Any money received by any agent as premium shall be received by him in his fiduciary capacity.
Penalties for diversion
Unlawful conversion shall be embezzlement. Any violator shall be fined not more than $2,500 or have his license revoked or suspended or both fined and revoked or suspended.
This reference is not legal advice. Citations and summaries are transcribed from the NAIC's Fiduciary Responsibilities—Premiums chart (Spring 2025) and reflect that chart's own review dates, which vary by jurisdiction. Statutes change, and the chart may lag the current code. Confirm the current text of any provision with the jurisdiction's insurance department or your own counsel before relying on it.
Tie out a New Hampshire trust account
Tie your premium trust account out three ways — bank, ledger and what you owe — with New Hampshire's cited rule beside the worksheet. Runs in your browser; nothing is uploaded.
Trust account reconciliation worksheetKeep your trust account provably in balance
Policy Balance Hub tracks premium held in trust against what you owe each carrier, so the reconciliation an examiner asks for already exists.