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HB253: exempting certified financial planners from requirements for licensure under insurance laws.

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

Sponsors

Topics

Executive administration Insurance

Official links

HB 253 – AS INTRODUCED

2005 SESSION

05-0417

10/01

HOUSE BILL 253

AN ACT exempting certified financial planners from requirements for licensure under insurance laws.

ANALYSIS

This bill exempts certified financial planners from the license requirement for insurance producers, provided the person does not sell or solicit insurance or receive a commission.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05-0417

10/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT exempting certified financial planners from requirements for licensure under insurance laws.

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

1 New Subparagraph; Insurance; Producer Licensing; Exceptions. Amend RSA 402-J:4, II by inserting after subparagraph (g) the following new subparagraph:

(h) A certified financial planner who counsels or advises his or her client relative to insurance products or interests of the client; provided, that the certified financial planner does not sell or solicit insurance or receive a commission.

2 Effective Date. This act shall take effect 60 days after its passage.