Bill Text: NH HB1252 | 2018 | Regular Session | Amended
Bill Title: Relative to certificates of insurance.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-05-17 - Signed by Governor Sununu 05/15/2018; Chapter 24; Eff. 7/14/2018 [HB1252 Detail]
Download: New_Hampshire-2018-HB1252-Amended.html
HB 1252-FN - AS AMENDED BY THE SENATE
04/05/2018 1150s
2018 SESSION
18-2268
01/03
HOUSE BILL 1252-FN
AN ACT relative to certificates of insurance.
SPONSORS: Rep. Gagne, Hills. 13
COMMITTEE: Commerce and Consumer Affairs
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ANALYSIS
This bill declares that with the permission of a policy holder, an insurance producer may provide certain documentation to a bank or lending institution regarding financing of certain property.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
04/05/2018 1150s 18-2268
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to certificates of insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; Regulation of Forms and Rates for Property and Casualty Insurance; Certificates of Insurance. Amend RSA 412:6-b, II by inserting after subparagraph (e) the following new subparagraph:
(f) With the permission of the policy holder, an insurance producer may provide any bank or lending institution with a copy of the certificate of insurance, policy of insurance, or insurance binder relating to the subject property. If the insurance producer provides a copy of the insurance, policy of insurance, or insurance binder, an insurance producer may complete supplemental questionnaires for a bank or lending institution, provided that the insurance producer shall not be required to analyze or warrant any provisions of the insurance policy.
2 Effective Date. This act shall take effect 60 days after its passage.
18-2268
10/11/17
HB 1252-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to certificates of insurance.
FISCAL IMPACT: [ ] State [ ] County [ ] Local [ X ] None
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METHODOLOGY:
The Legislative Budget Assistant has determined that this legislation, as introduced, has a total fiscal impact of less than $10,000 in each of the fiscal years 2019 and 2022.
AGENCIES CONTACTED:
Department of Insurance
