Revision: Dec. 14, 2015, midnight
\t \t\tHB 1601 - AS INTRODUCED
2016 SESSION
\t16-2532
\t01/09
HOUSE BILL\t1601
AN ACT\trelative to certain continuing care communities.
SPONSORS:\tRep. Abel, Graf. 13; Rep. Suzanne Smith, Graf. 8; Rep. Almy, Graf. 13; Rep. Hurt, Belk. 2; Rep. Ebel, Merr. 5
COMMITTEE:\tCommerce and Consumer Affairs
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ANALYSIS
\tThis bill declares that any continuing care community which charges an entrance fee but which does not offer life care contracts or TYPE B contracts shall not be required to submit actuarial studies to the insurance department.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2532
\t01/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to certain continuing care communities.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 New Paragraph; Certain Continuing Care Communities. Amend RSA 420-D:7 by inserting after paragraph III the following new paragraph:
\t\tIV. Notwithstanding paragraph II, the commissioner shall not prescribe by rule or otherwise require submission of an actuarial report from any facility which does not offer a contract providing for a full continuum of care designed to meet residents' health care needs as they change over time in which all or part of the risk of uncertain future health care costs is borne by the facility and not the resident.
\t2 Effective Date. This act shall take effect 60 days after its passage.