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2004 Summary of New State Laws - New Hampshire

Issue

Bill #

Bill Description

Guaranty Fund

SB 367

Establishes the New Hampshire Guaranty Association Act. Effective 8/7/04. Chapter 197, Laws of 2004.

Motor Vehicle Insurance

(Various Changes)

SB 371

Provides changes to laws governing denial of coverage, pre-existing conditions, and physician licensure standards for medical reviews. Effective 8/1/04. Chapter 187, Laws of 2004.

Rate Regulation

SB 370

Changes insurance rating laws and requires title insurance companies to file a schedule of fees or premium rates with the state insurance commissioner. Effective 7/30/04. Chapter 156, Laws of 2004.

Regulatory Requirements

(Company Examinations)

SB 369

Amends state laws regarding the conduct of examinations by the insurance department to conform to the National Association of Insurance Commissioners (NAIC) model. Effective 1/1/05. Chapter 155, Laws of 2004.

Reinsurance

SB 368

Amends current reinsurance law to conform to the National Association of Insurance Commissioner's (NAIC) credit for reinsurance model law. Effective 8/1/04. Chapter 186, Laws of 2004.

State Regulatory Authority

SB 430

Authorizes the commissioner to contract for external review and evaluation of mandated benefits, including workers' compensation, and requires that, if requested by a standing committee, any legislative proposal that mandates insurance benefits be evaluated by the insurance department before being enacted into law. Effective 5/24/04. Chapter 161, Laws of 2004.

Workers' Compensation

SB 423

Exempts records and proceedings of the New Hampshire Department of Labor from the Right-To-Know Law (RSA 91-A) in regards to workers' compensation claims. Effective 6/11/04. Chapter 223, Laws of 2004.

Workers' Compensation

SB 431

Prohibits provisions in any agreement from requiring employers or their insurance carriers to waive subrogation rights. Effective 3/5/04. Chapter 3, Laws of 2004.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

New Hampshire State Resource Center