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Bill > HB479
NH HB479
NH HB479Relative to administrative hearings, automation of electronic notices to insurance licensees, and insurance producer activities.
summary
Introduced
01/11/2023
01/11/2023
In Committee
04/18/2023
04/18/2023
Crossed Over
03/24/2023
03/24/2023
Passed
06/20/2023
06/20/2023
Dead
Signed/Enacted/Adopted
07/12/2023
07/12/2023
Introduced Session
2023 Regular Session
Bill Summary
This bill clarifies department of insurance administrative hearing procedures, establishes certain notice requirements regarding insurer assessments, and revises grounds for license revocation or denial. The bill is a request of the insurance department.
AI Summary
This bill clarifies the administrative hearing procedures for the New Hampshire Department of Insurance, establishes requirements for electronic notice of insurer assessments, and revises the grounds for denying or revoking an insurance producer's license. Specifically, the bill sets a 30-day timeline for the commissioner to hold a hearing upon a timely and valid application by an aggrieved person, unless exigent circumstances require an expedited hearing. The bill also authorizes the commissioner to provide notice of insurer assessments by email, which shall be considered prima facie evidence of notice. Additionally, the bill expands the grounds for license denial or revocation to include fraud, misappropriation, or breach of fiduciary duty involving any business activity, whether directly or through an entity.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Signed by Governor Sununu 06/30/2023; Chapter 133; Eff: 08/29/2023 House Journal 17 (on 07/12/2023)
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