Bill Text - HB1253 (2010)

Removing the exemption to the consumer protection act for insurance trade and commerce.


Revision: Dec. 10, 2009, midnight

HB 1253 – AS INTRODUCED

2010 SESSION

10-2249

09/01

HOUSE BILL 1253

AN ACT removing the exemption to the consumer protection act for insurance trade and commerce.

SPONSORS: Rep. Nixon, Hills 17; Rep. Craig, Hills 9; Rep. Rowe, Hills 6; Rep. DiFruscia, RockĀ 4

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill removes the exemption to the consumer protection act for insurance trade and commerce.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10-2249

09/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT removing the exemption to the consumer protection act for insurance trade and commerce.

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

1 Consumer Protection Act; Exemptions. Amend RSA 358-A:3, I to read as follows:

I. Trade or commerce that is subject to the jurisdiction of the bank commissioner, the director of securities regulation, [the insurance commissioner,] the public utilities commission, the financial institutions [and insurance] regulators of other states, or federal banking or securities regulators who possess the authority to regulate unfair or deceptive trade practices. This paragraph includes trade or commerce under the jurisdiction of, and regulated by, the bank commissioner pursuant to RSA 361-A, relative to retail installment sales of motor vehicles.

2 Effective Date. This act shall take effect January 1, 2011.