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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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
| 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 |
May 25, 2018: Signed by Governor Sununu 05/25/2018; Chapter 67; Eff. 7/24/2018
April 26, 2018: Enrolled 04/26/2018
April 26, 2018: Enrolled (In recess 04/26/2018); SJ 15
April 12, 2018: Enrolled Bill Amendment # 2018-1494e: AA VV 04/12/2018 HJ 12 P. 29
April 12, 2018: Enrolled Bill Amendment # 2018-1494e Adopted, VV, (In recess of 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, 02:00 pm; SC 13
March 8, 2018: Introduced 03/08/2018 and Referred to Commerce; SJ 7
March 6, 2018: Ought to Pass: MA VV 03/06/2018 HJ 6 P. 9
: 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
Feb. 20, 2018: Executive Session: 02/20/2018 LOB 302
Feb. 21, 2018: Subcommittee Work Session: 02/21/2018 09:30 AM LOB 302
Feb. 20, 2018: Subcommittee Work Session: 02/20/2018 09:30 AM LOB 302
Jan. 18, 2018: Public Hearing: 01/18/2018 02:15 PM LOB 302
Jan. 3, 2018: Introduced 01/03/2018 and referred to Commerce and Consumer Affairs HJ 1 P. 8