Section 404-G:1 - Purpose Of ProvisionsThe purposes of this chapter are to:
I. Protect the citizens of this state who participate in the individual health insurance market by providing a mechanism to equitably distribute the excessive risk sometimes associated with this market and to promote market stability.II. Authorize the creation of a nonprofit, voluntary organization which shall be known as the New Hampshire individual health plan benefit association, "the association" or "the New Hampshire health plan", to promote the purposes and carry out the requirements of this chapter under the oversight by the commissioner.III. Support the affordability and accessibility of health insurance in the state's individual market.IV. Establish one or more individual health insurance market mandatory risk sharing plans as a mechanism to distribute the risks associated within the nongroup, individual market.V. Support the New Hampshire granite advantage health care program established in RSA 126-AA or any successor program.VI. Establish an assessment mechanism to fund the association's programs as defined in RSA 404-G:2, IX and the association's support of the New Hampshire granite advantage health care program established in RSA 126-AA or any successor program.Amended by 2023, 92:1, eff. 1/1/2024.Amended by 2018 , 342: 15, eff. 12/31/2018.Amended by 2016 , 13: 7, eff. 4/5/2016.1998, 340:6. 2001, 295 : 4 . 2010, 243 : 2 . 2016, 13 : 7 , eff. Apr. 5, 2016. 2018, 342 : 15 , eff. Dec. 31, 2018.