Bill Text: NH HB1620 | 2018 | Regular Session | Introduced

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Bill Title: Relative to surplus lines insurance requirements.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2018-02-22 - Inexpedient to Legislate: Motion Adopted Voice Vote 02/22/2018 House Journal 5 P. 4 [HB1620 Detail]

Download: New_Hampshire-2018-HB1620-Introduced.html

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HB 1620 - AS INTRODUCED

 

 

2018 SESSION

18-2525

01/05

 

HOUSE BILL 1620

 

AN ACT relative to surplus lines insurance requirements.

 

SPONSORS: Rep. Emerick, Rock. 21; Rep. Edgar, Rock. 21

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill requires insurance carriers licensed to do business in New Hampshire who write surplus lines insurance to include 2 percent of their policies in high risk categories.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

18-2525

01/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to surplus lines insurance requirements.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Section; Surplus Lines Insurance Policies.  Amend RSA 412 by inserting after section 16 the following new section:

412:16-a  Surplus Lines Policies.  Insurance carriers licensed to do business in New Hampshire who issue surplus lines policies shall include at least 2 percent of their policies in high risk categories.  The commissioner shall determine by rule, pursuant to RSA 541-A, a definition of high risk.

2  Effective Date.  This act shall take effect 60 days after its passage.