CHAPTER 29
HB 1130 – FINAL VERSION
11Mar2004… 0239h
2004 SESSION
01/09
HOUSE BILL 1130
This bill exempts insurance agents who do not own their book of business from the law regarding termination of agents.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11Mar2004… 0239h
03-2244
01/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Four
AN ACT relative to certain insurance agents.
Be it Enacted by the Senate and House of Representatives in General Court convened:
29:1 New Paragraph; Insurance; Termination of Insurance Agency Contracts. Amend RSA 402:15-c by inserting after paragraph III the following new paragraph:
IV. This section shall not apply to business owned by the insurer and not the agent; provided, that the insurer offers to continue such policies through another of its agents.
29:2 Effective Date. This act shall take effect 60 days after its passage.
(Approved: April 23, 2004)
(Effective Date: June 22, 2004)