CHAPTER 70
HB 480 - FINAL VERSION
2015 SESSION
15-0475
01/09
HOUSE BILL 480
AN ACT relative to policies for property and casualty insurance.
COMMITTEE: Commerce and Consumer Affairs
This bill declares that a property and casualty policy shall not contain coverage for payment of a fine or penalty for a criminal offense but may provide coverage for defense costs and restitution to injured parties.
This bill is a request of the insurance department.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
15-0475
01/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fifteen
AN ACT relative to policies for property and casualty insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
70:1 Property and Casualty Insurance; Approval of Forms. Amend RSA 412:5, III and IV to read as follows:
III. No liability policy issued or delivered in this state shall contain coverage for payment of a fine or penalty for a criminal offense provided, however, the policy may provide coverage for defense costs and restitution to injured parties.
IV. An insurer may authorize an advisory organization to file policy forms, endorsements and other contract language on its behalf.
[IV.] V. Every insurer and advisory organization shall provide reasonable means whereby any person aggrieved by the application of an insurer’s rating system, claims practices, sales practices or underwriting procedures may be heard, in person or by an authorized representative, upon the person’s written request to review the manner in which such procedures were applied in connection with insurance afforded or tendered to the person.
70:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 2, 2015
Effective Date: August 1, 2015