HB 518 - AS INTRODUCED
2001 SESSION
03/01
HOUSE BILL 518
AN ACT relative to increases of motor vehicle policy premiums because a person reaches a certain age.
This bill provides that the insurance commissioner may only approve a statewide classification system permitting increases of motor vehicle policy premiums because a person reaches a certain age if the system is justified by actuarial experience.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0880
03/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to increases of motor vehicle policy premiums because a person reaches a certain age.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Increase of Motor Vehicle Policy Premiums Because Person Reaches Certain Age. Amend RSA 412:18-b, II to read as follows:
II. An increase or decrease of the premiums for such policies for any particular age group if a statewide classification system approved by the insurance commissioner is adopted for such drivers. The insurance commissioner shall only approve a statewide classification system under this paragraph if it is justified by actuarial experience.
2 Effective Date. This act shall take effect 60 days after its passage.