New Hampshire HB 1491: relative to occupational licensure and the office of professional licensure and certification.

Bill Text

HB 1491 - AS AMENDED BY THE SENATE

05/14/2026 1924s

2026 SESSION

 26-2397

 05/08

HOUSE BILL 1491

AN ACT relative to pooled risk management programs.

SPONSORS: Rep. Hunt, Ches. 14; Rep. Porcelli, Rock. 19; Sen. Innis, Dist 7; Sen. Perkins Kwoka, Dist 21

COMMITTEE: Commerce and Consumer Affairs

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AMENDED ANALYSIS

This bill establishes and regulates political subdivision risk management programs, sets eligibility and reporting requirements, defines oversight and enforcement authority, outlines financial, investment, and solvency standards, and affirms tax exemptions and confidentiality provisions for such programs.

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Explanation: Matter added to current law appears in bold italics.

 Matter removed from current law appears [in brackets and struckthrough.]

 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05/14/2026 1924s 26-2397

 05/08

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT relative to pooled risk management programs.

Be it Enacted by the Senate and House of Representatives in General Court convened:

 1 New Chapter; Political Subdivision Risk Management Programs. Amend RSA by inserting after chapter 420-Q the following new chapter: 

CHAPTER 420-R

POLITICAL SUBDIVISION RISK MANAGEMENT PROGRAMS

 420-R:1 Purpose. The purpose of this chapter is to provide for the establishment of political subdivision 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 are essential to the proper functioning of political subdivisions; that risk management can be achieved through the purchase of traditional insurance or by participation in pooled risk management programs established for the benefit of political subdivisions; that pooled risk management is an essential governmental function by providing focused public sector loss prevention programs, accrual of interest and dividend earnings, which may be returned to the public benefit, and establishment of costs predicated solely on the actual experience of political subdivisions within the state; that the resources of political subdivisions are presently burdened by the securing of insurance protection through standard carriers; and that risk management programs that meet the standards established by this chapter should not be subject to taxation by the state and, except as specifically set forth in this chapter, should not be subject to insurance regulation. 

 420-R:2 Definitions; Scope of Chapter. In this chapter: 

 I. "Authorized control level event" means any of the following events: 

 (a) The filing of a Risk-Based Capital “RBC” report by the program indicating that the program's total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC; 

 (b) The notification by the commissioner to the program of an adjusted RBC report that indicates the event in subparagraph (a); or 

 (c) The failure of the program to respond to a corrective order in a manner satisfactory to the commissioner. 

 II. “Commissioner” means the commissioner of the department of insurance.

 III. "Company action level event" means the filing of an RBC report by a program indicating that: 

 (a) The program's total adjusted capital is greater than or equal to its regulatory action level RBC but less than its company action level RBC; 

 (b) For life and/or ancillary health coverages, the political subdivision risk management program has total adjusted capital that is greater than or equal to its company action level RBC but less than the product of its authorized control level RBC and 3.0 and has a negative trend; or 

 (c) For property and casualty or employee health plan coverages, the program has total adjusted capital that is greater than or equal to its company action level RBC but less than the product of its authorized control level RBC and 3.0 and triggers the trend test determined in accordance with the trend test calculation included in the property and casualty RBC instructions. 

 IV. “Department” means the department of insurance. 

 V. “Excess insurance” means stop-loss insurance for health insurance claims and high-dollar value coverage above a primary layer for property and casualty insurance claims. 

 VI. "Mandatory control level event" means any of the following events: 

 (a) The filing of an RBC report that indicates that the program's total adjusted capital is less than its mandatory control level RBC; or 

 (b) Notification by the commissioner to the program of an adjusted RBC report that indicates the ev