New Hampshire Administrative Code

(a) A financial institution's non-insurance products shall not be tied in with insurance products in a manner that violates 12 U.S.C. § 1972 or any other applicable state statute, including RSA 402:39, RSA 402:40 and RSA Chapter 417, the Unfair Trade Practices Act. Financial inst…

(a) A financial institution shall not: (1) Condition the provision or terms of any other service upon acquisition of insurance through a particular insurer, agent or broker; (2) Reject a required policy solely because the policy was sold by a person who is not associated with the…

The financial institution shall obtain a written affirmative statement at the time that a customer applying for a loan or an extension of credit is first informed that insurance is available through the financial institution, which acknowledges that the customer applying for cred…

(a) Sales of insurance shall, to the extent practicable, take place in a location that is distinct from the area where retail deposits or credit transactions are being conducted. Where physical space will allow, signs or other means shall be used to distinguish any established in…

(a) Consistent with the provisions of RSA 406-C:9 a financial institution shall not use any non-public customer information, other than information pertaining solely to insurance transactions between a customer and the financial institution or its affiliate or subsidiary, or prov…

(a) Advertisements directed to prospective or existing insurance purchasers shall be from a licensed financial institution, agent or insurer. (b) If insurance advertisements directed to prospective purchasers are included in mailings of bank statements or other documents generate…

Financial institutions shall develop and implement policies and procedures to ensure that sales activities are conducted in compliance with applicable laws and rules and in a manner consistent with this chapter. Compliance procedures shall identify potential conflicts of interest…

(a) A violation of Ins 3202.01 through Ins 3205.01, shall result in an enforcement action under RSA 406-C. The department shall specify which sections, including specific subsections if any, of RSA 406-C are alleged violated in any enforcement action brought under this section. (…

The purpose of this chapter is to specify: (a) The conditions that are required to be met before insurers may use insurance scores or information from consumer reports to determine underwriting eligibility or in rating and pricing of private passenger automobile or homeowners ins…

(a) This chapter shall apply to any property and casualty insurer that is: (1) Licensed to write private passenger automobile and homeowners insurance; (2) Required to submit rate, rule, and policy form filings to the commissioner; and (3) Using an insurance score or information …

(a) "Adverse action" means: (1) A denial of, refusal to renew, or cancellation of any private passenger automobile or homeowners insurance policy; (2) Charging an initial rate that is higher than the rate the consumer would have received if the company had not taken credit inform…

(a) The commissioner, upon the commissioner's own initiative or upon request by an insurer, shall waive any requirement of this chapter if such waiver does not contradict the objective or intent of the rule and: (1) Applying the rule provision would cause confusion or would be mi…

(a) If an insurance score or information from a consumer report is used in determining the underwriting eligibility or in the rating of private passenger automobile or homeowners insurance, the insurer shall establish written standards for determining when to obtain an insurance …

(a) If an insurer uses insurance scores or information from consumer reports for the purpose of underwriting private passenger automobile or homeowners insurance, the insurance score shall be established and used in a manner that: (1) Is not contrary to the provisions of RSA 417-…

(a) The use of an insurance score or information from consumer reports in rating private passenger automobile or homeowners insurance shall: (1) Not result in rates that are excessive, inadequate, or unfairly discriminatory; and (2) Otherwise comply with this rule and RSA 412:15,…

(a) No insurer, as part of their underwriting or rating of homeowners or private passenger automobile insurance policies, shall use any of the following in any insurance scoring methodology, or in reviewing the consumer report of any consumer: (1) Credit inquiries not initiated b…

(a) Notwithstanding any other law or rule, an insurer that uses credit information shall, on written request from an applicant for insurance coverage or an insured, provide reasonable exceptions to the insurer's rates, rating classification, company or tier placement, or underwri…

(a) If an insurer uses insurance scores or information from consumer reports to underwrite new or renewal private passenger automobile or homeowners insurance business, its underwriting models shall be filed with the commissioner in accordance with RSA 412:15, III and RSA 412:16.…

(a) If an insurer uses an insurance score or information from consumer reports in rating new or renewal private passenger automobile or homeowners insurance business, its rates and related rating rules shall be filed with the commissioner in accordance with RSA 412:15, III and RS…

(a) Every model, algorithm, computer program, or other process used to establish an insurance score which in turn is used in the underwriting or rating of an insurance policy shall be submitted to the commissioner by the insurer or any entity acting on behalf of an insurer. Such …

Information submitted pursuant to Ins 3308.01 that is not part of the public rate filing pursuant to RSA 412:15, III and RSA 412:16 and that is identified by the insurer or any entity acting on behalf of the insurer as commercial or financial information or otherwise exempt from …

(a) If an insurer uses an insurance score or information from a consumer report in the rating or underwriting of any private passenger automobile or homeowners insurance policy, the insurer shall: (1) Disclose, either on the insurance application or at the time the insurance appl…

(a) Any notice required pursuant to this section shall include the following information: (1) Notification to the consumer that an adverse action has been taken in accordance with the requirement of the federal Fair Credit Reporting Act, 15 U.S.C. 1681m(a); (2) The name, address,…

(a) If a consumer believes that any adverse action taken by an insurer violates this chapter or the provisions of RSA 417:4 (g), VIII, RSA 417-A, or RSA 417-B, the consumer may request in writing, within 10 days of receipt of the insurer's or producer's notice, that the commissio…

Any violations of these rules shall be subject to such suspension or revocation of certificate of authority or license, or administrative fine not to exceed $2,500 per violation, as may be applicable under Title XXXVII. Notes N.H. Admin. Code § Ins 3311.01 #9634, eff 7-1-10 Amend…

The purpose of this part is to: (a) Increase the affordability, efficiency, and fairness of health insurance coverage for small employers by setting standards for the licensure and oversight of voluntary purchasing alliances through which small employers and their employees may p…

(a) "Commissioner" means the insurance commissioner. (b) "Eligible dependent" means "eligible dependents" as defined in RSA 420-G:2, V. (c) "Eligible employee" means "eligible employees" as defined in RSA 420-G:2, VI. (d) "Employee enrollee" means an eligible employee, self-emplo…

(a) The commissioner shall regulate the establishment and conduct of purchasing alliances. (b) No person or entity may market, sell, offer, or arrange for a package of one or more health benefit plans underwritten by a participating carrier or carriers to 2 or more small employer…

(a) An application shall be completed and filed with the commissioner by an authorized representative of the corporation or other entity established as a precursor to being granted a purchasing alliance license. An application shall not be deemed filed until all information neces…

(a) A purchasing alliance shall: (1) Offer health benefit plans that are available to all small employers in the alliance's service area; (2) Establish administrative and accounting procedures for operating the alliance, for providing services to member small employers and enroll…

(a) To qualify as a participating carrier, a carrier shall demonstrate all the following operating characteristics:(1) That it is licensed and in good standing with the department of insurance; (2) That it has the ability to administer health coverage, to provide adequate service…

(a) The alliance shall establish marketing standards for use by the participating carrier or carriers. (b) Any marketing, advertisement, or educational material for health coverage sold through the alliance shall be approved by the alliance prior to its use. The alliance shall re…

In order to reduce the incentive for risk selection and to improve fairness and efficiency, and in the absence of a risk adjustment mechanism established by rule or order for the entire small group market, an alliance may establish a payment mechanism to adjust payments to the pa…

No officer or board member or director or contract administrator of a purchasing alliance or members of their households may be employed by, be a consultant for, be a member of the board of directors of, or be affiliated with, or otherwise be a representative of a carrier or othe…

Purchasing alliances shall not bear risk. Notes N.H. Admin. Code § Ins 3401.10 #7434, INTERIM, eff 2-1-01, EXPIRED: 7-31-01 New. #7583, eff 11-1-01; ss by #9564, eff 10-19-09

(a) Purchasing alliances shall submit an annual evaluation to the commissioner which includes the following:(1) The progress achieved in making affordable health care coverage available to employees of member small employers; (2) The progress achieved in assuring choice of health…

(a) The purpose of this rule is to provide: (1) Tables of select mortality factors and rules for their use; (2) Rules concerning a minimum standard for the valuation of plans with nonlevel premiums or benefits; and (3) Rules concerning a minimum standard for the valuation of plan…

(a) This rule shall apply to all life insurance policies, with or without nonforfeiture values, issued on or after the 2017 effective date of this rule, subject to the following exceptions and conditions: (1) Exceptions are: a. This rule shall not apply to any individual life ins…

(a) "Basic reserves" means reserves calculated in accordance with RSA 410:4, Standard Valuation Law. (b) "Contract segmentation method" means the method of dividing the period from issue to mandatory expiration of a policy into successive segments, with the length of each segment…

(a) At the election of the company for any one or more specified plans of life insurance, the minimum mortality standard for basic reserves may be calculated using the 1980 CSO valuation tables with select mortality factors (or any other valuation mortality table adopted by the N…

(a) Deficiency reserves, if any, are calculated for each policy as the excess, if greater than zero, of the quantity A over the basic reserve. The quantity A is obtained by recalculating the basic reserve for the policy using guaranteed gross premiums instead of net premiums when…

(a) This subsection applies to both basic reserves and deficiency reserves. Any set of select mortality factors may be used only for the first segment. However, if the first segment is less than ten (10) years, the appropriate ten-year select mortality factors incorporated into t…

(a) Basic reserves shall be calculated as the greater of the segmented reserves and the unitary reserves. Both the segmented reserves and the unitary reserves for any policy shall use the same valuation mortality table and selection factors. At the option of the insurer, in calcu…

(a) The deficiency reserve at any duration shall be calculated: (1) On a unitary basis if the corresponding basic reserve determined by Ins 3505.01 is unitary; (2) On a segmented basis if the corresponding basic reserve determined by Ins 3505.01 is segmented; or (3) On the segmen…

Basic reserves may not be less than the tabular cost of insurance for the balance of the policy year, if mean reserves are used. Basic reserves may not be less than the tabular cost of insurance for the balance of the current modal period or to the paid-to-date, if later, but not…

(a) For any policy with an unusual pattern of guaranteed cash surrender values, the reserves actually held prior to the first unusual guaranteed cash surrender value shall not be less than the reserves calculated by treating the first unusual guaranteed cash surrender value as a …

(a) At the option of the company, the following approach for reserves on YRT reinsurance may be used: (1) Calculate the valuation net premium for each future policy year as the tabular cost of insurance for that future year; (2) Basic reserves shall never be less than the tabular…