HB1308 (2018) Detail

Relative to non-renewal of lines of business.


CHAPTER 31

HB 1308-FN - FINAL VERSION

 

6Mar2018... 0446h

2018 SESSION

18-2269

01/04

 

HOUSE BILL 1308-FN

 

AN ACT relative to nonrenewal of lines of business.

 

SPONSORS: Rep. Gagne, Hills. 13

 

COMMITTEE: Commerce and Consumer Affairs

 

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AMENDED ANALYSIS

 

This bill requires licensed insurance companies to provide notice to its agents of record in New Hampshire of the insurance company's decision not to renew lines of business.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

6Mar2018... 0446h 18-2269

01/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to nonrenewal of lines of business.

 

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

 

31:1  New Section; Insurance Companies and Agents.  Amend RSA 402 by inserting after section 83 the following new section:

402:84  Discontinuance of Lines of Business; Notice Required.  Any licensed insurance company authorized to transact fire or casualty business in this state shall provide 120 days' notice to its appointed agents of record in New Hampshire of the insurance company's decision to cease writing an entire line of business.  Any nonrenewal notices to affected policyholders shall be issued in accordance with applicable law, provided that the effective date of any such nonrenewals shall be at least 120 days after notice to the agents of record under this section.

31:2  Effective Date.  This act shall take effect January 1, 2019.

 

Approved: May 15, 2018

Effective Date: January 01, 2019

 

 

Links

HB1308 at GenCourtMobile

Action Dates

Date Body Type
Jan. 23, 2018 House Hearing
Jan. 31, 2018 House Exec Session
House Floor Vote
March 6, 2018 House Floor Vote
March 20, 2018 Senate Hearing
April 5, 2018 Senate Floor Vote

Bill Text Revisions

HB1308 Revision: 3889 Date: May 25, 2018, 11:21 a.m.
HB1308 Revision: 3361 Date: April 5, 2018, 10:50 a.m.
HB1308 Revision: 3173 Date: March 21, 2018, 3 p.m.
HB1308 Revision: 2152 Date: Nov. 7, 2017, 8:52 a.m.

Docket

Date Status
Jan. 3, 2018 Introduced 01/03/2018 and referred to Commerce and Consumer Affairs HJ 1 P. 6
Jan. 23, 2018 Public Hearing: 01/23/2018 02:45 PM LOB 302
Jan. 31, 2018 Subcommittee Work Session: 01/31/2018 09:00 AM LOB 302
Jan. 31, 2018 Executive Session: 01/31/2018 LOB 302
March 6, 2018 Committee Report: Ought to Pass with Amendment # 2018-0446h for 03/06/2018 (Vote 19-1; CC) HC 9 P. 5
Committee Report: Ought to Pass with Amendment # 2018-0446h (Vote 19-1; CC)
March 6, 2018 Amendment # 2018-0446h: AA VV 03/06/2018 HJ 6 P. 8
March 6, 2018 Ought to Pass with Amendment 0446h: MA VV 03/06/2018 HJ 6 P. 8
March 13, 2018 Introduced 03/13/2018 and Referred to Commerce; SJ 7
March 8, 2018 Introduced 03/08/2018 and Referred to Commerce; SJ 7
March 20, 2018 Hearing: 03/20/2018, Room 100, SH, 01:15 pm; SC 13
April 5, 2018 Committee Report: Ought to Pass, 04/05/2018; SC 15
April 5, 2018 Ought to Pass: MA, VV; OT3rdg; 04/05/2018; SJ 11
April 12, 2018 Enrolled (In recess 04/12/2018); SJ 13
April 19, 2018 Enrolled 04/19/2018 HJ 13 P. 2
May 15, 2018 Signed by Governor Sununu 05/15/2018; Chapter 31; Eff. 1/1/2019