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HB1378: relative to domestic insurance company investments.

Bill status: Signed by Governor

Citation
2018 HB1378
Official source

Bill details

Version history is not present in imported LFoD data.

Amendments are not present in imported LFoD data.

Roll-call votes are not present in imported LFoD data.

Fiscal notes are not present in imported LFoD data.

House status
Passed/Adopted
Senate status
Passed/Adopted
Committee
Senate Commerce
Hearing
03/20/2018 at 02:00 PM
Selected version
Current official bill text

Sponsors

Topics

Commerce Insurance

Official links

CHAPTER 67

HB 1378 - FINAL VERSION

12Apr2018... 1494-EBA

2018 SESSION

18-2626

01/03

HOUSE BILL 1378

AN ACT relative to domestic insurance company investments.

SPONSORS: Rep. Hunt, Ches. 11; Rep. Butler, Carr. 7

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill clarifies the insurance investment laws relating to governmental obligations for property and casualty insurers.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

12Apr2018... 1494-EBA 18-2626

01/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eighteen

AN ACT relative to domestic insurance company investments.

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

67:1 Insurance Companies and Agents; Investments. Amend RSA 402:29-d, I(a) to read as follows:

(a) Directly or indirectly through an investment subsidiary, an investment under this chapter if, as a result of and after giving effect to the investment, the insurer would hold more than 5 percent of its admitted assets in investments of all kinds issued, assumed, accepted, insured, or guaranteed by a single person; provided, that this subparagraph shall not apply to general obligations of, or obligations guaranteed by, the United States, its agencies or government-sponsored enterprises, or obligations of any state, or of Canada or any province thereof; or

67:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: May 25, 2018

Effective Date: July 24, 2018