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SB188: relative to unfair claim settlement practices by insurers.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Margaret Hassan Senate · Dist 23
- David Gottesman Senate · Dist 12
- Joseph Foster Senate · Dist 13
- Betsi DeVries Senate · Dist 18
- Martha McLeod House · Graf 2
Topics
Official links
SB 188 – AS AMENDED BY THE HOUSE
04/12/07 1022s
06Jun2007… 1768h
06/27/07 2255CofC
2007 SESSION
07-1152
01/03
SENATE BILL 188
AN ACT relative to orders and penalties for engaging in unfair insurance trade practices.
AMENDED ANALYSIS
This bill increases the penalties for engaging in unfair insurance trade practices.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
04/12/07 1022s
06Jun2007… 1768h
06/27/07 2255CofC
07-1152
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to orders and penalties for engaging in unfair insurance trade practices.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Unfair Insurance Trade Practices; Orders and Penalties. RSA 417:10 is repealed and reenacted to read as follows:
417:10 Orders and Penalty.
I. If after hearing or at the expiration of the period set forth in a show cause order issued pursuant to this chapter, any person is found to have violated RSA 417:3, the commissioner may take one or more of the following actions:
(a) Suspend, revoke, or refuse to renew the license of that person.
(b) Impose an administrative penalty of not more than $25,000 for each violation of RSA 417:3.
(c) With respect to a violation based upon RSA 417:4, XV, order relief for actual economic losses sustained by an aggrieved insured as a result of such violation. Relief may be ordered under this subparagraph only when the aggrieved insured has agreed that such relief shall constitute a waiver of any action for the same cause that might otherwise be filed before an administrative agency or any court.
II. The commissioner may institute suits or other legal proceedings as necessary for the enforcement of any order under this section.
2 Effective Date. This act shall take effect 60 days after its passage.