Revision: March 21, 2012, midnight
SB 222 – AS INTRODUCED
2012 SESSION
01/10
SENATE BILL 222
AN ACT relative to property and casualty insurance.
SPONSORS: Sen. White, Dist 9; Sen. Houde, Dist 5; Rep. Hunt, Ches 7; Rep. Schlachman, Rock 13; Rep. Flanders, Belk 4; Rep. Headd, Rock 3; Rep. Infantine, Hills 13
This bill makes technical corrections in the laws relating to property and casualty insurance.
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2846
01/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to property and casualty insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Insurance Companies and Agents; Cancellation or Termination of Policies. Amend RSA 402:80 to read as follows:
402:80 Cancellation or Termination of Policies. No cancellation or termination of an insurance policy of any type for nonpayment of a premium shall be effective if:
I. Payment of the premium is actually received by the insurance company or by the insurance company’s agent, before the date and time of the cancellation or termination of the policy as stated in the notice of cancellation or termination; [and] or
II. Payment of the premium is sent to the insurance company, or the insurance company’s agent, by certified mail before the [effective] date and time of cancellation or termination of the policy as stated in the notice of cancellation or termination[, or is received by the insurance company's agent before such date].
2 Public Adjusters; Contract between Public Adjuster and Insured. Amend RSA 402-D:13, VI to read as follows:
VI. After the time to rescind has elapsed [but] and within [3] 6 working days after the date the contract is signed, the public adjuster shall give written notice to the insurer, its adjuster, or its attorney that the public adjuster has entered into a written contract with the insured.
3 Cancellation or Refusal to Renew Commercial Insurance; Notice of Cancellation. Amend RSA 417-C:1, I(a) to read as follows:
(a) Nonpayment of a premium, including nonpayment of any additional premiums due from an audit conducted in accordance with law for the prior policy term; or
4 Effective Date. This act shall take effect 60 days after its passage.