CHAPTER 177
HB 1322 - FINAL VERSION
26Apr2018... 1812-EBA
2018 SESSION
18-2500
01/03
HOUSE BILL 1322
AN ACT relative to risk-based capital for health maintenance organizations.
SPONSORS: Rep. Butler, Carr. 7; Sen. Lasky, Dist 13
COMMITTEE: Commerce and Consumer Affairs
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ANALYSIS
This bill clarifies the formula for calculating risk-based capital for health maintenance organizations.
This bill is a request of the insurance department.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26Apr2018... 1812-EBA 18-2500
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to risk-based capital for health maintenance organizations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
177:1 Risk-Based Capital for Insurers; Health Maintenance Organizations. Amend RSA 404-F:1, VI to read as follows:
VI. "Life and/or health insurer'' means any insurance company licensed under title XXXVII writing life, accident and health insurance[, health maintenance organizations, limited health service organizations, dental or vision plans, health service corporations,] or a licensed property and casualty insurer writing only accident and health insurance.
177:2 New Paragraph; Risk-Based Capital for Insurers; Reports. Amend RSA 404-F:2 by inserting after paragraph III the following new paragraph:
III-a. A health organization’s RBC shall be determined in accordance with the formula set forth in the RBC instructions. The formula shall take into account, and may adjust for the covariance between:
(a) Asset risk;
(b) Credit risk;
(c) Underwriting risk; and
(d) All other business risks and such other relevant risks as are set forth in the RBC instructions.
177:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 08, 2018
Effective Date: August 07, 2018
| Date | Body | Type |
|---|---|---|
| Jan. 17, 2018 | House | Hearing |
| Jan. 18, 2018 | House | Exec Session |
| House | Floor Vote | |
| Feb. 7, 2018 | House | Floor Vote |
| March 13, 2018 | Senate | Hearing |
| March 20, 2018 | Senate | Hearing |
| April 19, 2018 | Senate | Floor Vote |
June 8, 2018: Signed by Governor Sununu 06/08/2018; Chapter 177; Eff. 8/7/2018
May 3, 2018: Enrolled 05/03/2018
May 3, 2018: Enrolled (In recess 05/03/2018); SJ 17
April 26, 2018: Enrolled Bill Amendment # 2018-1812e: AA VV 04/26/2018
April 26, 2018: Enrolled Bill Amendment # 2018-1812e Adopted, VV, (In recess of 04/26/2018); SJ 15
April 19, 2018: Ought to Pass: MA, VV; OT3rdg; 04/19/2018; SJ 13
April 19, 2018: Committee Report: Ought to Pass, 04/19/2018; SC 17
March 20, 2018: Hearing: 03/20/2018, Room 100, SH, 01:30 pm; SC 13
March 13, 2018: ==CANCELLED== Hearing: 03/13/2018, Room 100, SH, 01:15 pm; SC 11
Feb. 15, 2018: Introduced 02/15/2018 and Referred to Commerce; SJ 5
Feb. 8, 2018: Ought to Pass: MA VV 02/08/2018 HJ 3 P. 2
: Committee Report: Ought to Pass (Vote 16-0; CC)
Feb. 7, 2018: Committee Report: Ought to Pass for 02/07/2018 (Vote 16-0; CC) HC 5 P. 5
Jan. 18, 2018: Executive Session: 01/18/2018 LOB 302
Jan. 31, 2018: ==CANCELLED== Subcommittee Work Session: 01/31/2018 09:00 AM LOB 302
Jan. 17, 2018: Public Hearing: 01/17/2018 03:00 PM LOB 302
Jan. 3, 2018: Introduced 01/03/2018 and referred to Commerce and Consumer Affairs HJ 1 P. 7