Bill Text - HB171 (2015)

Relative to rebating.


Revision: June 16, 2015, midnight

CHAPTER 132

HB 171 – FINAL VERSION

2015 SESSION

15-0759

01/06

HOUSE BILL 171

AN ACT relative to rebating.

SPONSORS: Rep. Flanders, Belk 3; Rep. Infantine, Hills 13

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill clarifies an exception to the anti-rebating law.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0759

01/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT relative to rebating.

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

132:1 Anti-Rebating; Exceptions. Amend RSA 402:41, I (f) to read as follows:

(f) Contests, sweepstakes, raffles, or drawings, conducted in connection with the marketing or promotion of insurance products, if:

(1) [The total prize value for all contests, sweepstakes, raffles, or drawings in a 12-month period does not exceed $1,000 provided, however, that this subparagraph shall not apply to insurer contests, sweepstakes, raffles, or drawings;

(2)] There is no participation cost to entrants; and

[(3)] (2) The contest, [sweepstakes] sweepstake, raffle, or drawing 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 contest, [sweepstakes] sweepstake, raffle, or drawing or receive a prize.

132:2 Effective Date. This act shall take effect January 1, 2016.

Approved: June 12, 2015

Effective Date: January 1, 2016