CHAPTER 30
HB 169 – FINAL VERSION
21Mar2007… 0102h
2007 SESSION
01/03
HOUSE BILL 169
AN ACT relative to penalties for insurers or adjusters knowingly underestimating the value of an insurance claim.
SPONSORS: Rep. Marshall Quandt, Rock 13; Rep. Matthew Quandt, Rock 13; Rep. Weyler, Rock 8
This bill makes it an unfair insurance trade practice subject to penalties for an insurer or adjuster representing the insurer to knowingly underestimate the value of an insurance claim.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
21Mar2007… 0102h
07-0013
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to penalties for insurers or adjusters knowingly underestimating the value of an insurance claim.
Be it Enacted by the Senate and House of Representatives in General Court convened:
30:1 New Subparagraph; Unfair Claim Settlement Practices by Insurers. Amend RSA 417:4, XV(a) by inserting after subparagraph (13) the following new subparagraph:
(14) Knowingly underestimating the value of any claim by an insurer or by an adjuster representing the insurer.
30:2 Effective Date. This act shall take effect January 1, 2008.
Approved: May 14, 2007
Effective: January 1, 2008