SB35 (2021) Detail

Relative to membership in risk pools.


SB 35  - AS INTRODUCED

 

 

2021 SESSION

21-0561

05/10

 

SENATE BILL 35

 

AN ACT relative to membership in risk pools.

 

SPONSORS: Sen. Cavanaugh, Dist 16; Sen. D'Allesandro, Dist 20

 

COMMITTEE: Commerce

 

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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.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

21-0561

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty One

 

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 upon its passage.

Links

SB35 at GenCourtMobile
SB35 Discussion

Action Dates

Date Body Type
Jan. 19, 2021 Senate Hearing
Feb. 11, 2021 Senate Floor Vote
March 24, 2021 House Hearing
May 13, 2021 House Exec Session
House Floor Vote

Bill Text Revisions

SB35 Revision: 31910 Date: Jan. 12, 2021, 3:57 p.m.

Docket


June 3, 2021: Inexpedient to Legislate: MA DV 196-172 06/03/2021 HJ 8 P. 84


: Minority Committee Report: Ought to Pass


: Majority Committee Report: Inexpedient to Legislate (Vote 10-9; RC) HC 26 P. 15


May 13, 2021: Executive Session: 05/13/2021 10:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/93883325643


March 24, 2021: Public Hearing: 03/24/2021 09:00 am Members of the public may attend using the following link: To join the webinar: https://www.zoom.us/j/97709851457 / Executive session on pending legislation may be held throughout the day (time permitting) from the time the committee is initially convened.


Feb. 25, 2021: Introduced (in recess of) 02/25/2021 and referred to Commerce and Consumer Affairs HJ 4 P. 48


Feb. 11, 2021: Ought to Pass: RC 23Y-1N, MA; OT3rdg; 02/11/2021; SJ 4


Feb. 11, 2021: Committee Report: Ought to Pass, 02/11/2021; Vote 5-0; CC; SC 10


Jan. 19, 2021: Remote Hearing: 01/19/2021, 09:00 am; Links to join the hearing can be found in the Senate Calendar; SC 7


Jan. 6, 2021: Introduced 01/06/2021 and Referred to Commerce; SJ 3