HB235 (2005) Detail

Relative to age-based motor vehicle insurance premiums.


HB 235 – AS INTRODUCED

2005 SESSION

05-0727

03/01

HOUSE BILL 235

AN ACT relative to age-based motor vehicle insurance premiums.

SPONSORS: Rep. Manney, Hills 7; Rep. Hunter, Hills 7

COMMITTEE: Commerce

ANALYSIS

This bill prohibits an insurance company from adding any youth age classification to the premium of a motor vehicle policy for any person 18 years of age or older.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05-0727

03/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT relative to age-based motor vehicle insurance premiums.

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

1 Insurance Rates; Age. Amend RSA 412:11 to read as follows:

412:11 Cancellation Because of Age; Prohibited. No insurance company authorized to transact business in this state, which insures against loss by reason of the liability to pay damages to others for damage to property or bodily injury including death, arising from the operation, maintenance, or use of motor vehicles within this state, shall cancel, reduce liability limits, refuse to renew or increase the premium of any such motor vehicle policy for the sole reason that the person to whom such policy has been issued has reached a certain age. No insurance company shall add any youth age classification to the premium of any such motor vehicle policy for any person 18 years of age or older.

2 Insurance Rates; Age. Amend RSA 412:17 to read as follows:

412:17 Cancellation Because of Age; Prohibited. No insurance company authorized to transact business in this state, which insures against loss by reason of the liability to pay damages to others for damage to property or bodily injury including death, arising from the operation, maintenance, or use of motor vehicles within this state, shall cancel, reduce liability limits, refuse to renew, or increase the premium of any such motor vehicle policy for the sole reason that the person to whom such policy has been issued has reached a certain age. The provisions of this section shall not apply to an increase or decrease of the premiums for such policies for any particular age group if a statewide classification system approved by the insurance commissioner is adopted for such drivers; provided, that no insurance company shall add any youth age classification to the premium of any such motor vehicle policy for any person 18 years of age or older.

3 Effective Date. This act shall take effect January 1, 2006.

Links

HB235 at GenCourtMobile

Action Dates

Date Body Type

Bill Text Revisions

HB235 Revision: 8715 Date: Jan. 21, 2010, midnight

Docket