CHAPTER 411-A REGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES
Section 411-A:26
411-A:26 Data Processing Systems. –
An insurer may purchase and hold electronic computers and mechanical machines and equipment constituting a data processing and accounting system, provided that the cost thereof shall be amortized in not more than 10 years, and provided further that the unamortized cost thereof shall not at any time exceed one percent of the insurer's admitted assets without the approval of the commissioner.