Revision: May 26, 2010, midnight
CHAPTER 92
HB 1208 – FINAL VERSION
04/28/10 1560s
2010 SESSION
01/04
HOUSE BILL 1208
AN ACT relative to rebate exemptions.
COMMITTEE: Commerce and Consumer Affairs
This bill adds exemptions to the insurance rebate law allowing insurance companies to offer a promotional item of $25 or less per consumer, per year and to offer raffles under certain circumstances.
This bill is a request of the insurance department.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
04/28/10 1560s
10-2405
01/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to rebate exemptions.
Be it Enacted by the Senate and House of Representatives in General Court convened:
92:1 New Subparagraphs; Rebating; Exception Added. Amend RSA 402:41, I by inserting after subparagraph (d) the following new subparagraphs:
(e) The giving of a promotional item or items to a consumer in connection with marketing of contracts of insurance provided the item or items have a fair market value of $25 or less per consumer, per year.
(f) Raffles or drawings, conducted in connection with the marketing or promotion of insurance products, if:
(1) The total prize value for all raffles or drawings in a 12-month period do not exceed $1,000;
(2) There is no participation cost to entrants; and
(3) The raffle is open to consumers who are not policyholders and the consumer is not required to purchase a policy in order to be eligible to enter the raffle or receive a raffle prize.
92:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 25, 2010
Effective Date: July 24, 2010