Bill Text: NH SB64 | 2019 | Regular Session | Enrolled
Bill Title: Relative to antifraud plans maintained by insurance companies.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2019-07-15 - Signed by the Governor on 07/10/2019; Chapter 189; Effective 07/10/2019 [SB64 Detail]
Download: New_Hampshire-2019-SB64-Enrolled.html
SB 64 - VERSION ADOPTED BY BOTH BODIES
2019 SESSION
19-1088
01/03
SENATE BILL 64
AN ACT relative to antifraud plans maintained by insurance companies.
SPONSORS: Sen. Morgan, Dist 23; Sen. Soucy, Dist 18
COMMITTEE: Commerce
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ANALYSIS
This bill requires that insurance companies submit their written antifraud plan to the commissioner of the department of insurance, upon request.
This bill is a request of the insurance department.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-1088
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to antifraud plans maintained by insurance companies.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Unfair Insurance Trade Practices; Insurance Fraud Investigation Unit. Amend RSA 417:30, I to read as follows:
I. Except for insurance companies writing only credit, home warranty, travel, or title insurance, every insurance company licensed to write direct business in this state shall have antifraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts, including a written antifraud plan [submitted to the commissioner]. This plan shall be furnished to the commissioner, upon request.
2 Unfair Insurance Trade Practices; Insurance Fraud Investigation Unit. Amend RSA 417:30, IV to read as follows:
IV. If the commissioner finds that an insurer licensed to do business in New Hampshire has failed [to submit a plan, as required under paragraph I of this section, reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts, or has submitted but failed] to execute [that] an antifraud plan, the commissioner may issue a fine or suspend the right of the insurer to do business in this state until such time as that insurer comes into compliance with the provisions of this chapter.
3 Effective Date. This act shall take effect upon its passage.
