CHAPTER 103
HB 347 - FINAL VERSION
2019 SESSION
19-0683
01/10
HOUSE BILL 347
AN ACT adding insurer's policy administration expenses to commercial rate standards.
SPONSORS: Rep. Hunt, Ches. 11
COMMITTEE: Commerce and Consumer Affairs
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ANALYSIS
This bill adds insurer's policy administration expenses to commercial rate standards.
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-0683
01/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT adding insurer's policy administration expenses to commercial rate standards.
Be it Enacted by the Senate and House of Representatives in General Court convened:
103:1 Regulation of Forms and Rates for Property and Casualty Insurance; Rate Standards. Amend RSA 412:15, IV(a) and (b) to read as follows:
(a) Based on an insured's management, safety, and loss control policies and record;
(b) Based on the policy administration expenses; and
(c) No greater than plus or minus 40 percent of the insurer's base rates.
103:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 21, 2019
Effective Date: August 20, 2019
Date | Body | Type |
---|---|---|
Jan. 15, 2019 | House | Hearing |
Jan. 22, 2019 | House | Exec Session |
House | Floor Vote | |
Jan. 31, 2019 | House | Floor Vote |
April 16, 2019 | Senate | Hearing |
April 25, 2019 | Senate | Floor Vote |
June 21, 2019: Signed by Governor Sununu 06/21/2019; Chapter 103; Eff: 08/20/2019
May 8, 2019: Enrolled 05/08/2019 HJ 15 P. 100
May 2, 2019: Enrolled (In recess 05/02/2019); SJ 16
April 25, 2019: Ought to Pass: MA, VV; OT3rdg; 04/25/2019; SJ 14
April 25, 2019: Committee Report: Ought to Pass, 04/25/2019; Vote 5-0; CC SC 19
April 16, 2019: Hearing: 04/16/2019, Room 100, SH, 01:45 pm; SC 18
March 7, 2019: Introduced 03/07/2019 and Referred to Commerce; SJ 8
Jan. 31, 2019: Ought to Pass: MA VV 01/31/2019 HJ 4 P. 4
: Committee Report: Ought to Pass (Vote 18-0; CC)
Jan. 31, 2019: Committee Report: Ought to Pass for 01/31/2019 (Vote 18-0; CC) HC 9 P. 3
Jan. 22, 2019: Executive Session: 01/22/2019 01:30 pm LOB 302
Jan. 22, 2019: Subcommittee Work Session: 01/22/2019 11:00 am LOB 302
Jan. 15, 2019: Public Hearing: 01/15/2019 11:15 am LOB 302
Jan. 2, 2019: Introduced 01/02/2019 and referred to Commerce and Consumer Affairs HJ 2 P. 46