Bill Details - SB64 (2019)

SB 64  - AS INTRODUCED

 

 

2019 SESSION

19-1088

01/03

 

SENATE BILL 64

 

AN ACT relative to antifraud plans maintained by insurance companies.

 

SPONSORS: Sen. Morgan, Dist 23; Sen. Soucy, Dist 18

 

COMMITTEE: Commerce

 

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ANALYSIS

 

This bill requires that insurance companies submit their written antifraud plan to the commissioner of the department of insurance, upon request.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-1088

01/03

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to antifraud plans maintained by insurance companies.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Unfair Insurance Trade Practices; Insurance Fraud Investigation Unit.  Amend RSA 417:30, I to read as follows:

I.  Except for insurance companies writing only credit, home warranty, travel, or title insurance, every insurance company licensed to write direct business in this state shall have antifraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts, including a written antifraud plan [submitted to the commissioner].  This plan shall be furnished to the commissioner, upon request.

2  Unfair Insurance Trade Practices; Insurance Fraud Investigation Unit.  Amend RSA 417:30, IV to read as follows:

IV.  If the commissioner finds that an insurer licensed to do business in New Hampshire has failed [to submit a plan, as required under paragraph I of this section, reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts, or has submitted but failed] to execute [that] an antifraud plan, the commissioner may issue a fine or suspend the right of the insurer to do business in this state until such time as that insurer comes into compliance with the provisions of this chapter.

3  Effective Date.  This act shall take effect upon its passage.

Docket

Date Status
Jan. 3, 2019 Introduced 01/03/2019 and Referred to Commerce; SJ 4
March 5, 2019 Hearing: 03/05/2019, Room 100, SH, 02:30 pm; SC 12
March 21, 2019 Committee Report: Ought to Pass, 03/21/2019; Vote 5-0; CC SC 14
March 21, 2019 Ought to Pass: MA, VV; OT3rdg; 03/21/2019; SJ 9
March 20, 2019 Introduced 03/20/2019 and referred to Commerce and Consumer Affairs HJ 11 P. 72
April 16, 2019 Public Hearing: 04/16/2019 01:00 pm LOB 302
April 17, 2019 Full Committee Work Session: 04/17/2019 10:00 am LOB 302
May 7, 2019 Full Committee Work Session: 05/07/2019 01:00 pm LOB 302
May 21, 2019 Executive Session: 05/21/2019 11:00 am LOB 302

Action Dates

Date Body Type
March 5, 2019 Senate Hearing
March 21, 2019 Senate Floor Vote
April 16, 2019 House Hearing
May 21, 2019 House Exec Session

Bill Text Revisions

SB64 Revision: 5017 Date: Jan. 17, 2019, 5:45 p.m.