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RSA 400-A:12 · Prohibited Interests

Title: XXXVII: INSURANCE
Chapter: 400-A · INSURANCE DEPARTMENT
Status: current
Official source linked: Yes

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400-A:12 Prohibited Interests. –

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The commissioner, deputies, assistants, actuaries, examiners, or employees of the department shall not be connected with the management or be holder of material number of shares of any insurer, insurance holding company, insurance agency or broker, or be pecuniarily interested in any insurance transaction except as authorized under Title XXXVII in their official capacity, or as a policyholder or claimant under a policy; except, that as to matters wherein a conflict of interests does not exist on the part of any such individual, the commissioner may employ and retain from time to time insurance actuaries, examiners, accountants, and other technicians who are independently practicing their professions even though from time to time similarly employed or retained by insurers or others.

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II.

Nothing contained in this section shall be deemed to prohibit:

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(a)

Receipt by any such individual of fully vested commissions or fully vested retirement benefits to which entitled by reason of services performed prior to becoming commissioner or prior to employment in the department.

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(b)

Investment in shares of regulated diversified investment companies.

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III.

No person who has formerly served as a commissioner, deputy, assistant, actuary, examiner, or otherwise as an employee of the department nor any person that has been retained by the commissioner under Title XXXVII, shall disclose any third party confidential information gained by reason of such public position, nor shall any person otherwise use such information for personal gain or benefit. Nothing in this paragraph shall be construed to limit any protections that an employee or a former employee has under RSA 275-E. Source. 1971, 244:1. 2017, 6:1, eff. Mar. 31, 2017.

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Source note

Source. 1971, 244:1. 2017, 6:1, eff. Mar. 31, 2017.

Source history

1971, 244:1
2017, 6:1, eff. Mar. 31, 2017

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scal year's tax expenditures as identified in RSA 71-C:2, and other credits allowed under RSA 77-A, [RSA 77-E,] RSA 77-G, RSA 78, RSA 78-A, 78-B, RSA 82-A, RSA 84-A, RSA 84-C, and RSA 400-A. 9 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, II(b)(1) to read as follows: (1) Other credits allowed under RSA 77-A, [RSA 77-E,] RS
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scal year's tax expenditures as identified in RSA 71-C:2, and other credits allowed under RSA 77-A, [RSA 77-E,] RSA 77-G, RSA 78, RSA 78-A, 78-B, RSA 82-A, RSA 84-A, RSA 84-C, and RSA 400-A. 9 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, II(b)(1) to read as follows: (1) Other credits allowed under RSA 77-A, [RSA 77-E,] RS
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cessary services in line with Medicaid, the level of uncompensated care should be reduced and the annual assessments may be lower. 2 New Section; Uncompensated Care Fund. Amend RSA 400-A by inserting after section 39-b the following new section: 400-A:39-c Uncompensated Health Care Fund, Assessment, and Advisory Committee. I. There is hereby established in the state treasury an uncompensated he