HB1340 (2020) Detail

Relative to rebates under the law governing unfair insurance practices.


HB 1340 - AS INTRODUCED

 

 

2020 SESSION

20-2468

01/06

 

HOUSE BILL 1340

 

AN ACT relative to rebates under the law governing unfair insurance practices.

 

SPONSORS: Rep. Gagne, Hills. 13

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill declares that a producer may rebate all or a portion of the producer's commission to employees of the producer for policies of the employee.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

20-2468

01/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to rebates under the law governing unfair insurance practices.

 

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

 

1  Unfair Insurance Trade Practices; Rebating.  Amend RSA 417:4, IX(b)(15) to read as follows:

(15)  The rebate of all or part of a producer’s commission on the sale of commercial insurance as defined in RSA 412 provided the insurer expressly provides for such rebate in rate filings approved by the commissioner and the reduction of the commission is not disclosed to the insured either directly or indirectly[.];

(16)  The rebate of all or part of a producer's commission on the sale of insurance to an employee of the producer.

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

Links

HB1340 at GenCourtMobile
HB1340 Discussion

Action Dates

Date Body Type
Jan. 28, 2020 House Hearing
Feb. 18, 2020 House Exec Session
House Floor Vote
March 11, 2020 House Floor Vote

Bill Text Revisions

HB1340 Revision: 6988 Date: Dec. 2, 2019, 2:47 p.m.

Docket

Date Status
Jan. 8, 2020 Introduced 01/08/2020 and referred to Commerce and Consumer Affairs HJ 1 P. 18
Jan. 28, 2020 Public Hearing: 01/28/2020 01:45 pm LOB 302
Feb. 14, 2020 Subcommittee Work Session: 02/14/2020 09:30 am LOB 302
Feb. 18, 2020 Executive Session: 02/18/2020 01:00 pm LOB 302
March 11, 2020 Committee Report: Ought to Pass for 03/11/2020 (Vote 19-0; CC) HC 10 P. 5
Committee Report: Ought to Pass (Vote 19-0; CC)
March 11, 2020 Ought to Pass: MA VV 03/11/2020