Bill Text - HB1308 (2020)

Relative to the life settlements act.


Revision: Dec. 2, 2019, 2:16 p.m.

HB 1308 - AS INTRODUCED

 

 

2020 SESSION

20-2219

01/04

 

HOUSE BILL 1308

 

AN ACT relative to the life settlements act.

 

SPONSORS: Rep. Bartlett, Merr. 19

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill amends the life settlements act to conform to the requirements of the insurance producer law.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

20-2219

01/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to the life settlements act.

 

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

 

1  Life Settlements Act; License and Appointment Requirements.  Amend RSA 408-D:3, V(a) to read as follows:

V.(a)  A life settlement producer that solicits or negotiates a life settlement contract between a viator and a life settlement provider shall be appointed by the life settlement provider.

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