Title XXXVII, Insurance

If an arrangement is terminated for any reason, it shall pay all outstanding claims, debts, and obligations. The arrangement may retain sufficient funds to provide coverage for such additional period as the officers or trustees of the arrangement consider prudent. In addition, th…

I. The commissioner may, upon reasonable notice, conduct an examination of the loss reserves, financial condition, specific excess insurance, and working capital of a multiple-caregiver self-insured risk coverage arrangement. If the commissioner preliminarily finds that the reser…

Any rehabilitation, liquidation, conservation, or dissolution of an arrangement shall be conducted under the supervision of the commissioner, who shall have all power with respect thereto granted to it under the laws governing the rehabilitation, liquidation, conservation, or dis…

I. Subject to other provisions in this chapter, any arrangement that fails to obtain and maintain a valid approval from the commissioner while operating or maintaining a multiple-caregiver self-insured risk coverage arrangement shall be subject to a fine of not less than $5,000 o…

The commissioner may adopt rules, pursuant to RSA 541-A, as may be necessary to effect the purposes of this chapter.

I. "Commissioner" means the commissioner of the New Hampshire insurance department. II. "Covered entity" means a nonprofit or for-profit provider or servicer of child care, day care, foster care placement, and behavioral health services. III. "Department" means the New Hampshire …

I. Any arrangement authorized and meeting the standards required under this chapter is not an insurance company, reciprocal insurer, or insurer under the laws of this state, and administration of any activities of the arrangement shall not constitute doing an insurance business f…

This chapter does not apply to a non-profit or for-profit entity that: I. Individually self-insures for property and liability risks; II. Participates in a risk pooling arrangement, including a risk retention group or a risk purchasing group, regulated under RSA 405-A, or is a ca…

I. A covered entity may join or form a self-insured risk coverage arrangement together with one or more other covered entities and may jointly purchase insurance or reinsurance with one or more other covered entities for liability risks as permitted under this chapter. Covered en…

Before the establishment of a multiple-caregiver self-insured risk coverage arrangement, the covered entities shall obtain the approval of the commissioner. The entity or entities proposing the creation of the arrangement shall submit, as part of the application, a plan of manage…

I. Each multiple-caregiver self-insured risk coverage arrangement shall meet the following minimum eligibility requirements, and any additional requirements as the commissioner may require: (a) The arrangement shall qualify as a non-profit or for-profit entity; (b) The arrangemen…

The covered entities of a proposed multiple-caregiver self-insurance risk coverage arrangement shall file with the commissioner an application for approval, upon a form furnished by the commissioner, which shall include or have attached the following: I. A copy of the constitutio…

I. Within 120 days of receipt of an application, the commissioner shall either approve or disapprove an application for a license for the formation of the arrangement. If the commissioner denies a request for approval, the commissioner shall specify in detail the reasons for deni…