Bill Details - HB347 (2019)

HB 347 - VERSION ADOPTED BY BOTH BODIES

 

 

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

 

-----------------------------------------------------------------

 

ANALYSIS

 

This bill adds insurer's policy administration expenses to commercial rate standards.

 

This bill is a request of the insurance department.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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:

 

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.

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

Docket

Date Status
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 11:15 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
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. 31, 2019 Ought to Pass: MA VV 01/31/2019 HJ 4 P. 4
March 7, 2019 Introduced 03/07/2019 and Referred to Commerce; SJ 8
April 16, 2019 Hearing: 04/16/2019, Room 100, SH, 01:45 pm; SC 18
April 25, 2019 Committee Report: Ought to Pass, 04/25/2019; Vote 5-0; CC SC 19
April 25, 2019 Ought to Pass: MA, VV; OT3rdg; 04/25/2019; SJ 14
May 2, 2019 Enrolled (In recess 05/02/2019); SJ 16
May 8, 2019 Enrolled 05/08/2019

Action Dates

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

Bill Text Revisions

HB347 Revision: 4319 Date: Dec. 31, 2018, 12:52 p.m.
HB347 Revision: 5778 Date: April 25, 2019, 10:28 a.m.