SB419 (2020) Detail

Relative to membership in risk pools.


SB 419  - AS INTRODUCED

 

 

2020 SESSION

20-3024

05/01

 

SENATE BILL 419

 

AN ACT relative to membership in risk pools.

 

SPONSORS: Sen. Cavanaugh, Dist 16

 

COMMITTEE: Commerce

 

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

 

ANALYSIS

 

This bill allows founding organizations of existing pooled risk management programs to obtain certain coverage through the risk pool if the governing board approves their participation.

 

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

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

20-3024

05/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to membership in risk pools.

 

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

 

1  Pooled Risk Management Programs; Membership.  Amend RSA 5-B:3, I to read as follows:

I.(a)  A political subdivision, by resolution of its governing body, may establish and enter into agreements for obtaining or implementing insurance by self-insurance; for obtaining insurance from any insurer authorized to transact business in this state as an admitted or surplus lines carrier; or for obtaining insurance secured in accordance with any method provided by law; or for obtaining insurance by any combination of the provisions of this paragraph.  Agreements made pursuant to this paragraph may provide for pooling of self-insurance reserves, risks, claims and losses, and of administrative services and expenses associated with them among political subdivisions.  To accomplish the purposes of this chapter, 2 or more political subdivisions may form an association under the laws of this state or affirm an existing association so formed to develop and administer a risk management program having as its purposes reducing the risk of its members; safety engineering; distributing, sharing, and pooling risks; acquiring insurance, excess loss insurance, or reinsurance; and processing, paying and defending claims against the members of such association.

(b)  Founding organizations of existing pooled risk management programs may join the risk pool and obtain coverage allowed under subparagraphs III(f) and (g) upon approval of the governing board of the risk management program.

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

Links

SB419 at GenCourtMobile
SB419 Discussion

Action Dates

Date Body Type
March 10, 2020 Senate Hearing

Bill Text Revisions

SB419 Revision: 7634 Date: Dec. 19, 2019, 9:50 a.m.

Docket

Date Status
Jan. 8, 2020 To Be Introduced 01/08/2020 and Referred to Commerce; SJ 1
March 10, 2020 Hearing: 03/10/2020, Room 100, SH, 02:15 pm; SC 10