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2020 New Hampshire Revised Statutes
Title XXXVII - Insurance
Title 412 - Regulation of Forms and Rates for Property and Casualty Insurance
Section 412:34 - Schedule Rating.
Universal Citation: NH Rev Stat § 412:34 (2020)
412:34 Schedule Rating. –
The commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or rating bureau approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Such ratings shall be:
I. Based on an employer's safety policies and record, including its policies with regard to injured workers' return to work;
II. No greater than plus or minus 25 percent of the insurer's base rates;
III. Voluntary on the part of both the insurer and the employer; and
IV. Applicable to an annual premium greater than $1,000.
The commissioner may permit insurers to use appropriate systems of schedule rating filed by any insurer or rating bureau approved by the commissioner, subject to rules adopted under RSA 541-A, to assure the uniform and impartial application of such rating. Such ratings shall be:
I. Based on an employer's safety policies and record, including its policies with regard to injured workers' return to work;
II. No greater than plus or minus 25 percent of the insurer's base rates;
III. Voluntary on the part of both the insurer and the employer; and
IV. Applicable to an annual premium greater than $1,000.
Source. 2003, 150:1, eff. Jan. 1, 2004.
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