Text to be removed highlighted in red.
24:1 New Subparagraph; Regulation of Forms and Rates for Property and Casualty Insurance; Certificates of Insurance. Amend RSA 412:6-b, II by inserting after subparagraph (e) the following new subparagraph:
(f) With the permission of the policy holder, an insurance producer may provide any bank or lending institution with a copy of the certificate of insurance, policy of insurance, or insurance binder relating to the subject property. If the insurance producer provides a copy of the insurance, policy of insurance, or insurance binder, an insurance producer may complete supplemental questionnaires for a bank or lending institution, provided that the insurance producer shall not be required to analyze or warrant any provisions of the insurance policy.
24:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 15, 2018
Effective Date: July 14, 2018
Text to be added highlighted in green.
24:1 New Subparagraph; Regulation of Forms and Rates for Property and Casualty Insurance; Certificates of Insurance. Amend RSA 412:6-b, II by inserting after subparagraph (e) the following new subparagraph:
(f) With the permission of the policy holder, an insurance producer may provide any bank or lending institution with a copy of the certificate of insurance, policy of insurance, or insurance binder relating to the subject property. If the insurance producer provides a copy of the insurance, policy of insurance, or insurance binder, an insurance producer may complete supplemental questionnaires for a bank or lending institution, provided that the insurance producer shall not be required to analyze or warrant any provisions of the insurance policy.
24:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 15, 2018
Effective Date: July 14, 2018