2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 404-C - MANDATORY RISK SHARING PLANS
Section 404-C:2 - Purposes and Contents of Risk Sharing Plans.

NH Rev Stat § 404-C:2 (2014) What's This?

    404-C:2 Purposes and Contents of Risk Sharing Plans. – Any plan promulgated or prepared as provided in RSA 404-C:1 shall:
    I. Give consideration to:
       (a) The need for adequate and readily accessible coverage;
       (b) Alternative methods of improving the market affected;
       (c) The inherent limitations of the insurance mechanism;
       (d) The need for reasonable underwriting standards; and
       (e) The requirement of reasonable loss prevention measures;
    II. Establish procedures that will create minimum interference with the voluntary market;
    III. Spread the burden imposed by the plan equitably and efficiently within the industry; and
    IV. Establish procedures for applicants and participants to have grievances reviewed by an impartial body.

Source. 1971, 488:1, eff. Aug. 31, 1971.


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