New Hampshire
New Hamsphire Resident and Nonresident Changes
New Hamsphire has listed updates to the following: Fees, General requirements for an organization nonresident license, Discount Medical Plan Organizations requirements, and license renewal and causes for license revocation and surrender.
- The biennial renewal fees are nonrefundable for producers, adjusters, and consultants.
- With the exception of travel insurance, the designated compliance person(s) must be licensed to produce all of the lines of insurance that the organization is licensed to produce.
- A discount medical plan organization must pay a required fee.
- The application for a discount medical plan organization must include if a previous application for a certificate of registration has been lost or denied, the applicant has been under investigation in the last 5 years, and any information required by the Commissioner to determine that the applicant is in good standing, personally and financially.
- Each certificate of registration expires on June 1. **T**he discount medical plan organization must submit the renewal application and pay the renewal fee at least 60 days prior to registration expiration.
- A license can be revoked or suspended if the organization does not sustain the minimum net worth and is hazardous to its members.
- A list of reasons has been added to which the Commissioner may deny, suspend, or revoke an adjuster license or may issue a fine under $2,500.
- With the exception of travel insurance, the designated compliance person(s) must be licensed to produce all of the lines of insurance that the organization is licensed to produce.
- A discount medical plan organization must pay a required fee.
- The application for a discount medical plan organization must include if a previous application for a certificate of registration has been lost or denied, the applicant has been under investigation in the last 5 years, and any information required by the Commissioner to determine that the applicant is in good standing, personally and financially.
- Each certificate of registration expires on June 1. **T**he discount medical plan organization must submit the renewal application and pay the renewal fee at least 60 days prior to registration expiration.
- A license can be revoked or suspended if the organization does not sustain the minimum net worth and is hazardous to its members.
- A list of reasons has been added to which the Commissioner may deny, suspend, or revoke an adjuster license or may issue a fine under $2,500.
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