HB 78 - AS INTRODUCED
2017 SESSION
17-0020
01/10
HOUSE BILL 78
AN ACT relative to penalties for violating the insurance laws regarding property and casualty insurance.
SPONSORS: Rep. Avellani, Carr. 5
COMMITTEE: Commerce and Consumer Affairs
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This bill increases the penalties for violating the insurance laws regarding property and casualty insurance.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0020
01/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT relative to penalties for violating the insurance laws regarding property and casualty insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Regulation of Forms and Rates for Property and Casualty Insurance; Penalties Increased. Amend RSA 412:40, I to read as follows:
I. The commissioner, may upon a finding that any person or organization has violated any provisions of this chapter, impose a penalty of not less than [$500] $10,000 or more than [$10,000] $40,000 for each violation, but if the violation is found to be willful, a penalty of not less than [$1,000] $30,000 or more than [$25,000] $75,000 may be imposed for each violation. Separate penalties may be in addition to any other penalty provided by law.
2 Effective Date. This act shall take effect January 1, 2018.
| Date | Body | Type |
|---|---|---|
| Jan. 12, 2017 | House | Hearing |
| Jan. 25, 2017 | House | Exec Session |
| Feb. 2, 2017 | House | Floor Vote |
Feb. 2, 2017: Inexpedient to Legislate: MA VV 02/02/2017 HJ 5 P. 2
Feb. 2, 2017: Committee Report: Inexpedient to Legislate for 02/02/2017 (Vote 18-0; CC) HC 9 P. 2
Jan. 25, 2017: Executive Session: 01/25/2017 11:15 AM LOB 302
Jan. 17, 2017: Subcommittee Work Session: 01/17/2017 09:00 AM LOB 302
Jan. 12, 2017: Public Hearing: 01/12/2017 02:15 PM LOB 302
Jan. 4, 2017: Introduced 01/04/2017 and referred to Commerce and Consumer Affairs HJ 2 P. 15