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RSA 412:1 · Purpose

Title: XXXVII: INSURANCE
Chapter: 412 · REGULATION OF FORMS AND RATES FOR PROPERTY AND CASUALTY INSURANCE
Status: current
Official source linked: Yes

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412:1 Purpose. – The purpose of this chapter is:

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To protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates.

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II.

To promote price competition among insurers so as to provide rates that are responsive to competitive market conditions.

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III.

To cause the provision of price and other information to enable consumers to purchase insurance suitable for their needs and to foster competitive insurance markets.

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IV.

To improve availability, fairness, and reliability of insurance.

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To provide regulatory procedures for the maintenance of appropriate data reporting systems as necessary to allow the commissioner to monitor degree of competition in the marketplace.

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VI.

To authorize essential cooperative action among insurers in the ratemaking process and to regulate such activity to prevent practices that tend to substantially lessen competition or create a monopoly.

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VII.

To encourage the most efficient and economical marketing practices.

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VIII.

To prohibit price fixing agreements and other anti-competitive behavior by insurers.

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IX.

To ensure that policy forms, endorsements, applications, or other contract language comply with provisions of the insurance laws and do not contain provisions which are inequitable, misleading, deceptive, or encourage misrepresentation.

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To protect policyholders and the public against the adverse effects of any policy provision that is not in the public interest or is contrary to public policy. Source. 2003, 150:1. 2008, 212:3, eff. June 16, 2008.

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Source note

Source. 2003, 150:1. 2008, 212:3, eff. June 16, 2008.

Source history

2003, 150:1
2008, 212:3, eff. June 16, 2008

Related materials

Bill relationships

2026 HB1064 reference · effective 2027-01-01
y municipal subdivision thereof, including any county, city, town, school district, school administrative unit or other district, to procure the policies of insurance described in RSA 412 or participate in pooled risk management, or self-insurance, pursuant to RSA 5-B. In any action against the state or any municipal subdivision thereof to enforce liability on account of a risk so insured against, the in
2026 HB1064-FN reference · effective 2027-01-01
y municipal subdivision thereof, including any county, city, town, school district, school administrative unit or other district, to procure the policies of insurance described in RSA 412 or participate in pooled risk management, or self-insurance, pursuant to RSA 5-B. In any action against the state or any municipal subdivision thereof to enforce liability on account of a risk so insured against, the in
2026 HB1197 amend · effective 2027-01-01
ance Trade Practices. Amend RSA 417:4, IX(b)(15) to read as follows: (15) The rebate of all or part of a producer's commission on the sale of commercial insurance as defined in RSA 412 provided the insurer expressly provides for such rebate in its rate filings [approved by the commissioner] and the reduction of the commission is not disclosed to the insured either directly or indirectly; 17 Public A
2026 HB1197-FN amend · effective 2027-01-01
ance Trade Practices. Amend RSA 417:4, IX(b)(15) to read as follows: (15) The rebate of all or part of a producer's commission on the sale of commercial insurance as defined in RSA 412 provided the insurer expressly provides for such rebate in its rate filings [approved by the commissioner] and the reduction of the commission is not disclosed to the insured either directly or indirectly; 17 Public A
2026 HB1353 amend · effective 2027-01-01
t Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Motor Vehicle Insurance Premium Discounts for Annual Safety Inspections. Amend RSA 412 by inserting after section 16 the following new section: 412:16-a Motor Vehicle Insurance Premium Discounts for Annual Safety Inspections. I. Each insurer writing motor vehicle insurance in this state shall include
2026 HB1486 amend · effective 2027-01-01
Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Prohibition on Insurance Requirements for Spouses of DWI Offenders. Amend RSA 412 by inserting after section 8 the following new section: 412:8-a Prohibition on Insurance Requirements for Spouses of DWI Offenders. I. No insurer issuing a motor vehicle liability policy in this state shall requi
2026 HB1582 repeal
violation of this section shall be deemed an unfair method of competition and an unfair and deceptive act or practice in the business of insurance under RSA 417:4. 5 Repeal. RSA 412:15, III, relative to the use of credit reports, credit histories, and credit scoring models for purposes of underwriting and rate setting for automobile and homeowner insurance policies, is repealed. 6 Effective Date.
2026 HB1582 amend
of property owners. The purpose of this act is to prohibit such uses and practices to protect New Hampshire consumers. 2 New Section; Use of Credit Information Prohibited. Amend RSA 412 by inserting after section 15 the following new section: 412:15-a Use of Credit Information Prohibited. I. Notwithstanding any other provision of law, no insurer or insurance producer may use an applicant's or insured
2026 HB1582-FN repeal
violation of this section shall be deemed an unfair method of competition and an unfair and deceptive act or practice in the business of insurance under RSA 417:4. 5 Repeal. RSA 412:15, III, relative to the use of credit reports, credit histories, and credit scoring models for purposes of underwriting and rate setting for automobile and homeowner insurance policies, is repealed. 6 Effective Date.
2026 HB1582-FN amend
of property owners. The purpose of this act is to prohibit such uses and practices to protect New Hampshire consumers. 2 New Section; Use of Credit Information Prohibited. Amend RSA 412 by inserting after section 15 the following new section: 412:15-a Use of Credit Information Prohibited. I. Notwithstanding any other provision of law, no insurer or insurance producer may use an applicant's or insured
2026 SB409 reference · effective 2027-01-01
y municipal subdivision thereof, including any county, city, town, school district, school administrative unit or other district, to procure the policies of insurance described in RSA 412 or participate in pooled risk management, or self-insurance, pursuant to RSA 5-B. In any action against the state or any municipal subdivision thereof to enforce liability on account of a risk so insured against, the i
2026 SB409-FN reference · effective 2027-01-01
y municipal subdivision thereof, including any county, city, town, school district, school administrative unit or other district, to procure the policies of insurance described in RSA 412 or participate in pooled risk management, or self-insurance, pursuant to RSA 5-B. In any action against the state or any municipal subdivision thereof to enforce liability on account of a risk so insured against, the i