1 Foreign Insurance Companies; Licenses for Agents of Unlicensed Companies; Monthly Statements. Amend RSA 405:25 to read as follows:

405:25 Monthly Statements. Every such licensee shall, on or before the tenth day of each month, execute and file with the commissioner, a statement under oath covering all insurance policies and contracts of insurance or suretyship procured by him under his said license during the calendar month next preceding, giving the name of the company issuing each of said policies, the name and residence of the insured and the amount, term and premium of each policy and contract and the kind of property or risk insured thereby, and that hewas unable to procure in companies admitted to do business in the state the amount of insurance necessary to protect said property or risk.

2 Foreign Insurance Companies; Licenses for Agents of Unlicensed Companies, Annual Statement, Tax. Amend RSA 405:29, I to read as follows:

I. Each licensed producer shall file with the commissioner, not later than January 31st of each year, a sworn statement of the gross premiumscharged for insurance procured or placed and the gross return premiums on such insurance canceled under such license during the year ending on December 31 next preceding, and at the time of filing such statement shall pay to the state treasurer a sum equal to 3 percent of such gross premiums less such return premiums reported.

3 Applicability. This act shall apply to insurance procured or renewed on or after the effective date of this act.

4 Effective Date. This act shall take effect January 1, 2020.

VETOED June 19, 2019

Veto Sustained September 18, 2019

1 Foreign Insurance Companies; Licenses for Agents of Unlicensed Companies; Monthly Statements. Amend RSA 405:25 to read as follows:

405:25 Monthly Statements. Every such licensee shall, on or before the tenth day of each month, execute and file with the commissioner, a statement under oath covering all insurance policies and contracts of insurance or suretyship procured by the licensee under his or her said license during the calendar month next preceding, giving the name of the company issuing each of said policies, the name and residence of the insured and the amount, term and premium including policy, membership, and other fees and assessments, policy dividends applied in payment for insurance and all other considerations for insurance received by it during the next preceding calendar year on account of policies covering property, subjects, or risks located, resident, or to be performed in this state, excluding policies on multi-state risks in which New Hampshire is not the home state as provided in 15 U.S.C. section 8201, et seq., of each policy and contract and the kind of property or risk insured thereby, and that he or she was unable to procure in companies admitted to do business in the state the amount of insurance necessary to protect said property or risk.

2 Foreign Insurance Companies; Licenses for Agents of Unlicensed Companies, Annual Statement, Tax. Amend RSA 405:29, I to read as follows:

I. Each licensed producer shall file with the commissioner, not later than January 31st of each year, a sworn statement of the gross premiums , including policy, membership, and other fees and assessments, policy dividends applied in payment for insurance and all other considerations for insurance received by it during the next preceding calendar year on account of policies covering property, subjects, or risks located, resident, or to be performed in this state, excluding policies on multi-state risks in which New Hampshire is not the home state as provided in 15 U.S.C. section 8201, et seq., charged for insurance procured or placed and the gross return premiums on such insurance canceled under such license during the year ending on December 31 next preceding, and at the time of filing such statement shall pay to the state treasurer a sum equal to 3 percent of such gross premiums less such return premiums reported.

3 Applicability. This act shall apply to insurance procured or renewed on or after the effective date of this act.

4 Effective Date. This act shall take effect January 1, 2020.

VETOED June 19, 2019

Veto Sustained September 18, 2019