N.H. Rev. Stat. § 404-C:2

Current through the 2024 Legislative Session

Section 404-C:2 - Purposes and Contents of Risk Sharing Plans

Any plan promulgated or prepared as provided in RSA 404-C:1 shall:

I.Give consideration to:

(a) The need for adequate and readily accessible coverage;

(b) Alternative methods of improving the market affected;

(c) The inherent limitations of the insurance mechanism;

(d) The need for reasonable underwriting standards; and

(e) The requirement of reasonable loss prevention measures;

II.Establish procedures that will create minimum interference with the voluntary market;

III.Spread the burden imposed by the plan equitably and efficiently within the industry; and

IV.Establish procedures for applicants and participants to have grievances reviewed by an impartial body.

RSA 404-C:2

1971, 488:1, eff. Aug. 31, 1971.