5-B:1 Purpose. – The purpose of this chapter is to provide for the establishment of pooled risk management programs and to affirm the status of such programs established for the benefit of political subdivisions of the state. The legislature finds and determines that insurance and risk management is essential to the proper functioning of […]
5-B:2 Definitions. – In this chapter: I. "Department" means the department of state. II. "Informational filing" means an annual filing with the department made solely for the purpose of providing public access to certain information concerning the nature and organization of pooled risk management programs. Such informational filing shall be limited to the following: […]
5-B:3 Pooled Risk Management Authorized and Affirmed; Membership. – I. A political subdivision, by resolution of its governing body, may establish and enter into agreements for obtaining or implementing insurance by self-insurance; for obtaining insurance from any insurer authorized to transact business in this state as an admitted or surplus lines carrier; or for […]
5-B:4 Informational Filing Required; Fee. – Pooled risk management programs established for the benefit of political subdivisions shall make an informational filing, as defined in RSA 5-B:2, II, with the department and shall pay an annual filing fee of $150. The department may make requests for additional information necessary to exercise regulatory or enforcement […]
5-B:4-a Authority of the Secretary of State; Investigations; Cease and Desist Orders; Penalties. – I. Notwithstanding any other provision of law, the secretary of state shall have exclusive authority and jurisdiction: (a) To bring administrative actions to enforce this chapter. (b) To investigate and impose penalties for violations of this chapter, including but not […]
5-B:5 Standards of Organization and Operation. – I. Each pooled risk management program shall meet the following standards of organization and operation. Each program shall: (a) Exist as a legal entity organized under New Hampshire law. (b) Be governed by a board the majority of which is composed of elected or appointed public officials, […]
5-B:6 Declaration of Status; Tax Exemption; Liability. – I. Any pooled risk management program meeting the standards required under this chapter is not an insurance company, reciprocal insurer, or insurer under the laws of this state, and administration of any activities of the plan shall not constitute doing an insurance business for purposes of […]
5-B:7 Confidentiality of Certain Claims Information. – Notwithstanding any provision of law to the contrary, any information of any pooled risk management program formed or affirmed under this chapter pertaining to claims analysis or claims management shall be privileged and confidential and not subject to disclosure to any third party. Source. 1987, 329:1, eff. […]