RSA 420-M:3 · Jurisdiction of the Commissioner; Penalties

420-M:3 Jurisdiction of the Commissioner; Penalties. –

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I.

The commissioner shall regulate the establishment and conduct of purchasing alliances.

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II.

No person or entity, other than a qualified association trust, shall market, sell, offer, or arrange the sale of one or more health benefit plans to 2 or more employers or their eligible employees without first being licensed by the commissioner pursuant to this chapter.

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III.

A person or entity, not licensed by the commissioner as a purchasing alliance and engaged in the purchase, sale, marketing, or distribution of health insurance or health care benefit plans shall not hold itself out as a health insurance purchasing alliance, health insurance purchasing cooperative, or a health insurance purchasing association. Source. 2010, 346:1, eff. July 20, 2010.

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