2015 New Hampshire Revised Statutes
Title I - THE STATE AND ITS GOVERNMENT
Chapter 21-I - DEPARTMENT OF ADMINISTRATIVE SERVICES
Section 21-I:7-c - Risk Management.

    21-I:7-c Risk Management. – There is established within the office of the commissioner of administrative services a risk management unit, under the supervision of an unclassified manager of risks and benefits, who shall be qualified to hold that position by reason of education and experience and who shall perform such duties as the commissioner from time to time may authorize. The risk management unit shall be responsible for the following functions, in accordance with applicable laws:
    I. Identifying loss exposure for all state real and personal property and for personal injury, except as otherwise provided by law, on a continuing basis.
    II. Developing and operating risk reduction programs, in accordance with the loss prevention guidelines adopted pursuant to RSA 21-I:14, II.
    III. Identifying cost-effective means for protecting against various types of losses, including self-funding, commercial insurance purchases and risk assumption, and recommending to the governor and the general court actions to be taken through the budget process to implement such means.
    IV. Preparing bid specifications for use by the state when seeking commercial insurance.
    V. After consultation with, and approval by the commissioner of administrative services, purchasing liability insurance under a fleet policy covering the operation of state-owned vehicles and motorboats, and such other insurance and surety bonds as any state department, agency or official may now or hereafter be legally authorized to secure, or required to furnish; provided, that approval shall not be granted for any such insurance or surety bonds unless the same have been negotiated for, are procured from and the premium therefor is to be paid to a resident agent of an insurance company registered and licensed to do business in this state. With the exception of any risk located outside the state, no such insurance company or resident agent, personally or by another, shall allow, give or pay, directly or indirectly, to any nonresident agent or nonresident broker any part of the commission on the sale of such insurance or surety bonds. The insurance commissioner may suspend or revoke the license of any resident agent or insurance company violating the provisions hereof.

Source. 2006, 70:3, eff. June 24, 2006. 2013, 144:25, eff. Mar. 5, 2014.