SB 121-FN - VERSION ADOPTED BY BOTH BODIES
03/06/2025 0303s
5Jun2025... 1945h
2025 SESSION
25-0924
05/09
SENATE BILL 121-FN
SPONSORS: Sen. Avard, Dist 12
COMMITTEE: Health and Human Services
-----------------------------------------------------------------
AMENDED ANALYSIS
This bill requires an insurance company to provide notice to the insurance department of its decision to discontinue a line of business currently offered in the state. The bill also directs an insurance company offering Medicare Advantage Plans to provide notice to the insurance department of its decision to terminate its contract with CMS, to cease offering Medicare Advantage Plans in a particular county, or to significantly modify the plans offered.
The bill is a request of the insurance department.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/06/2025 0303s
5Jun2025... 1945h 25-0924
05/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Discontinuance of Lines of Business; Notice Required. Amend RSA 402:84 to read as follows:
402:84 Discontinuance of Lines of Business; Notice Required.
I. Any licensed insurance company authorized to transact fire or casualty business in this state shall provide 120 days' notice to the insurance department and its appointed agents of record in New Hampshire of the insurance company's decision to cease writing an entire line of business. Any nonrenewal notices to affected policyholders shall be issued in accordance with applicable law, provided that the effective date of any such nonrenewals shall be at least 120 days after notice to the agents of record under this section.
II. Unless otherwise required, any licensed insurance company authorized to transact business in this state shall provide 90 days' written notice to the insurance department of the insurance company's decision to cease writing an entire line of business.
III. Any licensed insurance company offering Medicare Advantage Plans under Medicare Part C in this state shall provide 90 days' written notice to the insurance department of the insurance company's decision to modify or terminate its contract with the Centers for Medicare and Medicaid Services, to cease offering Medicare Advantage Plans in a particular county, or to significantly modify the offerings of its Medicare Advantage Plans. The insurance company shall notify the insurance department in writing, using the format prescribed by the commissioner.
2 Effective Date. This act shall take effect 60 days after its passage.
25-0924
6/9/25
SB 121-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2025-1945h)
FISCAL IMPACT:
The Office of Legislative Budget Assistant states this bill has no fiscal impact on state, county and local expenditures or revenue.
AGENCIES CONTACTED:
Insurance Department
| Date | Amendment |
|---|---|
| Feb. 7, 2025 | 2025-0303s |
| May 28, 2025 | 2025-1945h |
| Date | Body | Type |
|---|---|---|
| Jan. 29, 2025 | Senate | Hearing |
| Feb. 13, 2025 | Senate | Floor Vote |
| April 23, 2025 | House | Hearing |
| May 27, 2025 | House | Exec Session |
| May 27, 2025 | House | Floor Vote |
June 12, 2025: Sen. Rochefort Moved to Concur with the House Amendment, MA, VV; 06/12/2025; SJ 16
June 5, 2025: Ought to Pass with Amendment 2025-1945h: MA VV 06/05/2025 HJ 16
June 5, 2025: Amendment # 2025-1945h: AA VV 06/05/2025 HJ 16
May 28, 2025: Committee Report: Ought to Pass with Amendment # 2025-1945h 05/27/2025 (Vote 16-0; CC) HC 27 P. 7
May 21, 2025: Executive Session: 05/27/2025 01:15 pm LOB 302-304
April 30, 2025: Subcommittee Work Session: 05/07/2025 10:00 am LOB 302-304
April 16, 2025: Public Hearing: 04/23/2025 10:30 am LOB 302-304
March 28, 2025: Introduced (in recess of) 03/27/2025 and referred to Commerce and Consumer Affairs HJ 11 P. 111
March 7, 2025: Ought to Pass with Amendment #2025-0303s, MA, VV; OT3rdg; 03/06/2025; SJ 6
March 7, 2025: Committee Amendment # 2025-0303s, AA, VV; 03/06/2025; SJ 6
Feb. 7, 2025: Committee Report: Ought to Pass with Amendment # 2025-0303s, 03/06/2025; Vote 5-0; CC; SC 11
Jan. 23, 2025: Hearing: 01/29/2025, Room 101, LOB, 10:00 am; SC 7
Jan. 22, 2025: Introduced 01/09/2025 and Referred to Health and Human Services; SJ 3