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RSA 412:40 · Penalties

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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412:40 Penalties. –

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The commissioner, may upon a finding that any person or organization has violated any provisions of this chapter, impose a penalty of not less than $500 or more than $10,000 for each violation, but if the violation is found to be willful, a penalty of not less than $1,000 or more than $25,000 may be imposed for each violation. Separate penalties may be in addition to any other penalty provided by law.

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II.

For purposes of this chapter, any insurer using a rate for which the insurer has failed to file the rate, supplementary rate information, underwriting rules or guidelines, or supporting information as required by this chapter, shall have committed a separate violation for each day such failure continues.

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III.

The commissioner may suspend or revoke the license of any advisory organization, statistical agent or insurer that fails to comply with an order of the commissioner within the time limited by such order, or any extension thereof which the commissioner may grant.

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IV.

The commissioner may determine when a suspension of license shall become effective and it shall remain in effect for the period fixed by the commissioner, unless the commissioner modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded or reversed.

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No penalty shall be imposed and no license shall be suspended or revoked except upon a written order of the commissioner stating his or her findings, made after hearing. Source. 2003, 150:1, eff. Jan. 1, 2004.

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Source note

Source. 2003, 150:1, eff. Jan. 1, 2004.

Source history

2003, 150:1, eff. Jan. 1, 2004

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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 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 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
2026 SB565 amend · effective 2027-01-01
ds, and other mitigation and resiliency programs. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Reporting. Amend RSA 412 by inserting after section 14 the following new subdivision: Reporting 412:14-a Reporting. I. To promote awareness of and incentives for fortified homes and commercial property standards, and other mitigation and r
2026 SB565-FN amend · effective 2027-01-01
ds, and other mitigation and resiliency programs. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Reporting. Amend RSA 412 by inserting after section 14 the following new subdivision: Reporting 412:14-a Reporting. I. To promote awareness of and incentives for fortified homes and commercial property standards, and other mitigation and r