Revision: Nov. 7, 2017, 9:19 a.m.
HB 1322 - AS INTRODUCED
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
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:
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.
2 New Paragraph; Risk-Based Capital for Insurers; Reports. Amend RSA 404-F:2 by inserting after paragraph III the following new paragraph:
IV. 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.
3 Effective Date. This act shall take effect 60 days after its passage.