HB1378 (2018) Detail

Relative to domestic insurance company investments.


CHAPTER 67

HB 1378 - FINAL VERSION

 

12Apr2018... 1494-EBA

2018 SESSION

18-2626

01/03

 

HOUSE BILL 1378

 

AN ACT relative to domestic insurance company investments.

 

SPONSORS: Rep. Hunt, Ches. 11; Rep. Butler, Carr. 7

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill clarifies the insurance investment laws relating to governmental obligations for property and casualty insurers.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

12Apr2018... 1494-EBA 18-2626

01/03

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to domestic insurance company investments.

 

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

 

67:1  Insurance Companies and Agents; Investments.  Amend RSA 402:29-d, I(a) to read as follows:

(a)  Directly or indirectly through an investment subsidiary, an investment under this chapter if, as a result of and after giving effect to the investment, the insurer would hold more than 5 percent of its admitted assets in investments of all kinds issued, assumed, accepted, insured, or guaranteed by a single person; provided, that this subparagraph shall not apply to general obligations of, or obligations guaranteed by, the United States, its agencies or government-sponsored enterprises, or obligations of any state, or of Canada or any province thereof; or

67:2  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: May 25, 2018

Effective Date: July 24, 2018

Links

HB1378 at GenCourtMobile

Action Dates

Date Body Type
Jan. 18, 2018 House Hearing
Feb. 20, 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

HB1378 Revision: 3990 Date: May 29, 2018, 1:56 p.m.
HB1378 Revision: 3363 Date: April 18, 2018, 9:47 a.m.
HB1378 Revision: 2141 Date: Nov. 6, 2017, 3:51 p.m.

Docket

Date Status
Jan. 3, 2018 Introduced 01/03/2018 and referred to Commerce and Consumer Affairs HJ 1 P. 8
Jan. 18, 2018 Public Hearing: 01/18/2018 02:15 PM LOB 302
Feb. 20, 2018 Subcommittee Work Session: 02/20/2018 09:30 AM LOB 302
Feb. 21, 2018 Subcommittee Work Session: 02/21/2018 09:30 AM LOB 302
Feb. 20, 2018 Executive Session: 02/20/2018 LOB 302
Committee Report: Ought to Pass (Vote 20-0; CC)
March 6, 2018 Committee Report: Ought to Pass for 03/06/2018 (Vote 20-0; CC) HC 9 P. 5
March 6, 2018 Ought to Pass: MA VV 03/06/2018 HJ 6 P. 9
March 8, 2018 Introduced 03/08/2018 and Referred to Commerce; SJ 7
March 20, 2018 Hearing: 03/20/2018, Room 100, SH, 02:00 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 Bill Amendment # 2018-1494e Adopted, VV, (In recess of 04/12/2018); SJ 13
April 12, 2018 Enrolled Bill Amendment # 2018-1494e: AA VV 04/12/2018 HJ 12 P. 29
April 26, 2018 Enrolled (In recess 04/26/2018); SJ 15
April 26, 2018 Enrolled 04/26/2018
May 25, 2018 Signed by Governor Sununu 05/25/2018; Chapter 67; Eff. 7/24/2018