SB423 (2024) Detail

Relative to mandatory disclosure of insurance policy limits.


SB 423 - AS AMENDED BY THE SENATE

 

04/11/2024   1119s

04/11/2024   1390s

2024 SESSION

24-2989

05/10

 

SENATE BILL 423

 

AN ACT relative to mandatory disclosure of insurance policy limits.

 

SPONSORS: Sen. Carson, Dist 14; Sen. Birdsell, Dist 19; Sen. Soucy, Dist 18; Rep. Kuttab, Rock. 17; Rep. M. Smith, Straf. 10

 

COMMITTEE: Judiciary

 

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ANALYSIS

 

This bill requires insurers to disclose the liability coverage limits of an insurance policy upon request by a claimant or the claimant's attorney.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

04/11/2024   1119s

04/11/2024   1390s 24-2989

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to mandatory disclosure of insurance policy limits.

 

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

 

1  New Section.  Amend RSA 264 by inserting after section 29 the following new section:

264:29-a  Mandatory Disclosure.

I.  Not later than 60 days after an insurer doing business in this state receives a written request by or on behalf of claimant or the claimant's attorney, because of personal injury, bodily injury, or death caused by a motor vehicle collision, the insurer shall disclose, in writing, all liability coverage limits applicable to the claim.  The claimant or claimant’s attorney shall utilize the disclosure only in connection with the claim or lawsuit.

II.  An insurer who fails to comply with this section is subject to a penalty of $500, plus reasonable attorney's fees and expenses incurred in obtaining the coverage limits.  

2  Effective Date.  This act shall take effect January 1, 2025.

Amendments

Date Amendment
March 13, 2024 2024-1119s
April 5, 2024 2024-1390s

Links


Date Body Type
Jan. 31, 2024 Senate Hearing
March 21, 2024 Senate Floor Vote
March 21, 2024 Senate Floor Vote
March 21, 2024 Senate Floor Vote
April 4, 2024 Senate Floor Vote
April 5, 2024 Senate Floor Vote
April 11, 2024 Senate Floor Vote
May 1, 2024 House Hearing
May 15, 2024 House Exec Session
May 15, 2024 House Floor Vote

Bill Text Revisions

SB423 Revision: 41618 Date: April 11, 2024, 1:13 p.m.
SB423 Revision: 41531 Date: April 5, 2024, 9:21 a.m.
SB423 Revision: 41193 Date: March 13, 2024, 12:35 p.m.
SB423 Revision: 40183 Date: Dec. 12, 2023, 2:59 p.m.

Docket


May 23, 2024: Inexpedient to Legislate: MA VV 05/23/2024 HJ 14


May 15, 2024: Committee Report: Inexpedient to Legislate 05/15/2024 (Vote 18-0; CC) HC 20 P. 7


May 8, 2024: Executive Session: 05/15/2024 10:00 am LOB 302-304


May 1, 2024: Subcommittee Work Session: 05/08/2024 01:15 pm LOB 302-304


April 15, 2024: Public Hearing: 05/01/2024 09:30 am LOB 302-304


April 12, 2024: Introduced 04/12/2024 and referred to Commerce and Consumer Affairs HJ 11


April 11, 2024: Ought to Pass with Amendments 2024-1119s and 2024-1390s, MA, VV; OT3rdg; 04/11/2024; SJ 9


April 11, 2024: Sen. Carson Floor Amendment # 2024-1390s, AA, VV; 04/11/2024; SJ 9


April 11, 2024: Committee Amendment # 2024-1119s, AA, VV; 04/11/2024; SJ 9


April 5, 2024: Committee Report: Ought to Pass with Amendment # 2024-1119s, 04/11/2024, Vote 3-2; SC 14A


April 5, 2024: Special Order to the Next Session, Without Objection, MA; 04/05/2024; SJ 8


March 21, 2024: Committee Report: Ought to Pass with Amendment # 2024-1119s, 04/05/2024, Vote 3-2; SC 13


March 21, 2024: Special Order to Next Session, Without Objection, MA; 03/21/2024; SJ 7


March 21, 2024: Committee Report: Ought to Pass with Amendment # 2024-1119s, 03/21/2024, Vote 3-2; SC 11


March 13, 2024: Committee Report: Ought to Pass with Amendment #2024-1119s, 03/21/2024, Vote 3-2; SC 11


Jan. 24, 2024: Hearing: 01/31/2024, Room 100, SH, 01:45 pm; SC 5


Dec. 12, 2023: To Be Introduced 01/03/2024 and Referred to Judiciary; SJ 1