HB1177: relative to the anti-rebating law.

CHAPTER 173

HB 1177 – FINAL VERSION

19Feb2014… 0398h

2014 SESSION

14-2023

01/06

HOUSE BILL 1177

AN ACT relative to the anti-rebating law.

SPONSORS: Rep. Notter, Hills 21; Rep. LeBrun, Hills 32

COMMITTEE: Commerce and Consumer Affairs

AMENDED ANALYSIS

This bill adds certain contests and sweepstakes that are conducted in connection with the marketing or promotion of insurance products to the exceptions to the anti-rebating law.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19Feb2014… 0398h

14-2023

01/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fourteen

AN ACT relative to the anti-rebating law.

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

173:1 Anti-Rebating; Exceptions. Amend RSA 402:41, I(f) to read as follows:

(f) Contests, sweepstakes, raffles, or drawings, conducted in connection with the marketing or promotion of insurance products, if:

(1) The total prize value for all contests, sweepstakes, raffles, or drawings in a 12-month period [do] does not exceed $1,000 provided, however, that this subparagraph shall not apply to insurer contests, sweepstakes, raffles, or drawings;

(2) There is no participation cost to entrants; and

(3) The contest, sweepstakes, raffle, or drawing is open to consumers who are not policyholders and the consumer is not required to purchase a policy in order to be eligible to enter the contest, sweepstakes, raffle, or drawing or receive a [raffle] prize.

173:2 Effective Date. This act shall take effect January 1, 2015.

Approved: July 11, 2014

Effective Date: January 1, 2015