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NHID Updates

Summing Up Recent Insurance Department Rulemaking Proceedings

May 6, 2011

In the last few months, the New Hampshire Insurance Department has initiated numerous administrative rulemaking proceedings, including: Ins 1908 Coverage for Individuals Under the Age of 19 – addresses the availability of individual insurance in the voluntary market for children under 19 years of age. Current Status: Insurance Department public hearing held 04/28/11. Ins 3000 [...]

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NH Insurance Department Clarifies Disclosure Standards for Retained Asset Agreements

April 4, 2011

Some life insurance policies let beneficiaries receive their policy proceeds in the form of a “checkbook” which they can use to write smaller drafts over time, rather than getting a single large check from the insurer. This arrangement, known as a “retained asset agreement,” has caused controversy and confusion in some states. Some regulators have [...]

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