Bill Text - HB1112 (2014)

Making technical corrections to the standard valuation law.


Revision: June 15, 2014, midnight

HB 1112 – VERSION ADOPTED BY BOTH BODIES

2014 SESSION

14-2076

01/05

HOUSE BILL 1112

AN ACT making technical corrections to the standard valuation law.

SPONSORS: Rep. John Hunt, Ches 11; Rep. Butler, Carr 7; Sen. Pierce, Dist 5

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill corrects certain citations in the standard valuation law.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

14-2076

01/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fourteen

AN ACT making technical corrections to the standard valuation law.

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

1 Insurance; Standard Valuation Law. Amend RSA 410:2, II to read as follows:

II. “Appointed actuary” means a qualified actuary who is appointed in accordance with the valuation manual to prepare the actuarial opinion required in RSA 410:4, [I] II.

2 Insurance; Standard Valuation Law. Amend RSA 410:15, IV(c)(1) to read as follows:

(1) Requirements for the format of reports to the commissioner under RSA 410:16, II[(b)] (c) and which shall include information necessary to determine if the valuation is appropriate and in compliance with this chapter;

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

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