Revision: March 27, 2014, midnight
SB 292 – AS INTRODUCED
2014 SESSION
01/03
SENATE BILL 292
AN ACT relative to insurance company regulation.
SPONSORS: Sen. Hosmer, Dist 7; Sen. Boutin, Dist 16
This bill clarifies investment limitations for a domestic insurance company who wants to become a limited partner in a limited partnership.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
14-2793
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT relative to insurance company regulation.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Insurance; Investments; Limited Partnerships. Amend RSA 402:28, I(d)(2) and (3) to read as follows:
(2) A company shall not invest [more than 5 percent of its capital and surplus] in any one such partnership more than the percentage limitation for any one business entity set forth in RSA 402:29-d.
(3) The aggregate carrying value of all investments in limited partnerships and other equity interests shall not exceed [5 percent of the company’s admitted assets] the percentage limitations set forth in RSA 402:29-d.
2 Repeal. RSA 402:82, II-VI, relative to certain requirements regarding claims forms and applications, are repealed.
3 Effective Date. This act shall take effect upon its passage.