HB1620 (2018) Compare Changes

The Bill Text indicates a new section is being inserted. This situation is not handled right now, and the new text is displayed in both the changed and unchanged versions.

Unchanged Version

Text to be removed highlighted in red.

1 New Section; Surplus Lines Insurance Policies. Amend RSA 412 by inserting after section 16 the following new section:

412:16-a Surplus Lines Policies. Insurance carriers licensed to do business in New Hampshire who issue surplus lines policies shall include at least 2 percent of their policies in high risk categories. The commissioner shall determine by rule, pursuant to RSA 541-A, a definition of high risk.

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

Changed Version

Text to be added highlighted in green.

1 New Section; Surplus Lines Insurance Policies. Amend RSA 412 by inserting after section 16 the following new section:

412:16-a Surplus Lines Policies. Insurance carriers licensed to do business in New Hampshire who issue surplus lines policies shall include at least 2 percent of their policies in high risk categories. The commissioner shall determine by rule, pursuant to RSA 541-A, a definition of high risk.

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