407-B:1 Purpose. – The purpose of this chapter is to permit the writing of motor vehicle insurance in this state on a group merchandising basis subject to the conditions stated herein, to avoid the application of any statute forbidding discrimination between insureds as to the type of business defined herein and to set forth […]
407-B:2 Definitions. – The following words, as used in this chapter, unless the context otherwise requires or a different meaning is specifically prescribed, shall have the following meanings: I. Group Motor Vehicle Insurance Defined. All motor vehicle insurance which is offered by a licensed insurer in this state on a group merchandising plan to […]
407-B:3 General Conditions. – Group motor vehicle insurance may be issued in this state provided the following conditions are complied with: I. Mandatory participation in the group plan shall not be required as a condition of employment, nor shall any member not participating in the plan be coerced or discriminated against. II. The insurer […]
407-B:4 Maintenance of Records. – Every insurer writing insurance under this group merchandising plan shall keep and maintain separate experience data on this type of business including complete records of premium income, losses and expense so that the experience of each group may be fairly ascertained. Source. 1969, 288:1, eff. Aug. 25, 1969.
407-B:5 Rates. – Rates for this type of business shall be adequate but not excessive or unfairly discriminatory and shall be filed pursuant to the provisions of RSA 412 insofar as consistent with the provisions of this chapter. Source. 1969, 288:1. 2003, 150:6, eff. Jan. 1, 2004.
407-B:6 Experience Rating. – No experience rating shall be applied to an individual group until after 3 years of operation and at that time shall be based on the experience of the preceding 3 calendar years. Thereafter, any experience rating shall be made annually using the last 3 calendar years. In case of merger […]
407-B:7 Other Group Plans. – The provisions of this chapter shall not apply to any group plans of group life insurance or group accident and sickness insurance but any existing plan of group motor vehicle insurance now in effect shall conform to the provisions of this chapter. Source. 1969, 288:1, eff. Aug. 25, 1969.