5/18/00 4646eba

2000 SESSION

00-2167

01/09

SENATE BILL 334

COMMITTEE: Insurance

ANALYSIS

This bill authorizes insurers to sell credit unemployment insurance.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

5/18/00 4646eba

00-2167

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand

Be it Enacted by the Senate and House of Representatives in General Court convened:

243:1 Definition of Commissioner; Punctuation Change. Amend RSA 408-A:2, III (f) to read as follows:

(f) "Commissioner" means the insurance commissioner of the state of New Hampshire[.];

243:2 New Subparagraph; Definition Added. Amend RSA 408-A:2, III by inserting after subparagraph (f) the following new subparagraph:

(g) "Credit unemployment insurance" means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is unemployed or on leave as defined in the policy.

243:3 New Section; Credit Unemployment Insurance. Amend RSA 408-A by inserting after section 5 the following new section:

408-A:5-a Credit Unemployment Insurance. Credit unemployment insurance may be sold in connection with loans or other credit transactions, subject to the provisions of this chapter as applied to credit life insurance and credit accident and health insurance. Any insurer authorized to offer the coverage specified by this chapter may sell credit unemployment insurance pursuant to this chapter.

243:4 Effective Date. This act shall take effect 60 days after its passage.

(Approved: June 8, 2000)

(Effective Date: August 7, 2000)