Rule detail : 216437

NH LEG Homeowners Insurance Bill

NH LEG passed bill HB 1259 re commercial lines and homeowner policies distinction.
Bill amends New Hampshire Revised Statutes NH INS 412:3, NH INS 412:35, NH INS 417-B:1, NH INS 417-B:4, NH INS 402-B:2 re property and casualty insurance laws.
Document dated Jun. 13, 2024, received from NH LEG Jun. 18, summarized Jun. 21.
Bill Provisions
Clarifies distinction between personal and commercial lines in homeowners policies.
Bill also permits the use of electronic communication for auditable basis policies.
Requires insurer to state the specific reason for cancellation/refusal to renew a policy.
Exemption to insurance claims adjusters statute for automobile glass claims only.
Legislative History
On Dec. 1, 2023, bill introduced in House; on Mar. 28, 2024, bill passed in the House.
On Apr. 2, 2024, bill introduced in Senate; on May 23, 2024, bill passed in Senate.
On May 29, 2024, House reported it non-concurred with Senate amendments to bill.
On Jun. 13, 2024, Senate and House adopted conference committee report.
Effectiveness
If enacted, this act shall take effect Jan. 1, 2025.
Aug. 2024 NH LEG Governor Approval
On Aug. 7, 2024, NH LEG reported Governor Sununu approved bill Aug. 2, Ch. 331.
Effective in the State as of Jan. 1, 2025.

Regulators	NH LEG
Entity Types	Ins
Reference	Ch. 331, 8/7/2024; PR, 8/2/2024; Bill HB1259, 6/13/2024; Citation: NH INS 412:3, 412:35, 417-B:1, 417-B:4, 402-B:2;
Functions	Claims/Accelerated Benefits; Compliance; Legal; Operations; Product Administration; Reporting
Countries	United States of America
Category
State
Products	Home Insurance; Insurance; Insurance-Casualty; Insurance-Property
Regions	Am
Rule Type	Final
Rule Date	6/13/2024
Effective Date	1/1/2025
Rule Id	216437
Linked to	N/A
Reg. Last Update	8/7/2024
Report Section	US Consumer