HB 339 - FINAL VERSION
HOUSE BILL 339
SPONSORS: Rep. Bartlett, Merr. 19
COMMITTEE: Commerce and Consumer Affairs
This bill makes changes to the laws governing property and casualty insurance, specifically commercial modernization.
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
31Jan2019... 0067h 19-0640
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
(a) Forms for the following types of commercial insurance shall be exempt from the 30-day waiting period requirement of paragraph I and shall instead be filed for informational and auditing purposes only and shall be filed within 30 days of the effective date:
(2) [Boiler and machinery.
(3)] Kidnap and ransom.
[(4)] (3) Political risk and expropriation.
[(5)] (4) Excess and umbrella liability.
[(6)] (5) Directors' and officers' liability.
[(7)] (6) Fiduciary liability.
[(8)] (7) Employment practices liability.
[(9)] (8) Errors and omissions and professional liability other than medical malpractice.
[(10)] (9) Media liability.
[(11)] (10) Product liability, product recall, and completed operations.
[(12)] (11) Highly protected commercial property.
[(13)] (12) Commercial flood insurance other than the National Flood Insurance Program.
[(14)] (13) Any other commercial lines of insurance coverage or risk that the commissioner shall, pursuant to regulation, exempt from policy form filing requirements in order to promote enhanced competition or to more effectively use the resources of the department.
VI. This section shall not apply to the following insurance products: mortgage guaranty [insurance], surety bonds, [and] commercial inland marine [insurance], financial guaranty, and boiler and machinery.
(h) Mortgage guaranty.
(i) Fiduciary liability.
Approved: May 10, 2019
Effective Date: July 09, 2019
|Jan. 15, 2019||House||Hearing|
|Jan. 22, 2019||House||Exec Session|
|Jan. 31, 2019||House||Floor Vote|
|March 26, 2019||Senate||Hearing|
|April 11, 2019||Senate||Floor Vote|
|Jan. 2, 2019||Introduced 01/02/2019 and referred to Commerce and Consumer Affairs HJ 2 P. 46|
|Jan. 15, 2019||Public Hearing: 01/15/2019 10:45 am LOB 302|
|Jan. 22, 2019||Subcommittee Work Session: 01/22/2019 11:00 am LOB 302|
|Jan. 22, 2019||Executive Session: 01/22/2019 01:30 pm LOB 302|
|Jan. 31, 2019||Committee Report: Ought to Pass with Amendment # 2019-0067h for 01/31/2019 (Vote 18-0; CC) HC 9 P. 3|
|Committee Report: Ought to Pass with Amendment # 2019-0067h (Vote 18-0; CC)|
|Jan. 31, 2019||Amendment # 2019-0067h: AA VV 01/31/2019 HJ 4 P. 3|
|Jan. 31, 2019||Ought to Pass with Amendment 2019-0067h: MA VV 01/31/2019 HJ 4 P. 3|
|March 7, 2019||Introduced 03/07/2019 and Referred to Commerce; SJ 8|
|March 26, 2019||Hearing: 03/26/2019, Room 100, SH, 01:30 pm; SC 15|
|April 11, 2019||Committee Report: Ought to Pass, 04/11/2019; Vote 5-0; CC SC 17|
|April 11, 2019||Ought to Pass: MA, VV; OT3rdg; 04/11/2019; SJ 12|
|April 25, 2019||Enrolled (In recess 04/25/2019); SJ 15|
|April 11, 2019||Enrolled 04/11/2019 HJ 13 P. 127|
|May 10, 2019||Signed by Governor Sununu 05/10/2019; Chapter 10; Eff: 07/09/2019|