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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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