New Hampshire Revised Statutes 400-A:10 – Staff
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I. The commissioner may, within the limits of available funds, appoint or employ and prescribe the duties of such assistants, actuaries, examiners, clerks, and other employees as may be necessary to discharge the duties placed upon the insurance department by RSA title XXXVII.
II. The commissioner may from time to time contract for and procure on a fee or independently contracting basis, such additional actuarial, examination, rating, and other technical and professional services as he may deem necessary for the discharge of his duties. None of the individuals rendering such services pursuant to this paragraph shall be in the classified service of the state; provided, however, the commissioner may authorize, in his discretion, the payment of group hospitalization, hospital medical care, surgical care and other medical benefits, social security benefits, annual and sick leave benefits and such other benefits as are afforded to classified state employees, except participation in the New Hampshire retirement system, to such individuals who have been employed for 6 months or more as he shall determine.
III. If necessary to ensure the timely review of rates and forms submitted for approval under title XXXVII, the commissioner may retain, without appropriation under N.H. Rev. Stat. Chapter 9 and without qualifying as a department expenditure under N.H. Rev. Stat. § 4:15, independent actuaries or other professionals or specialists as reviewers, the cost of which shall be borne by the regulated entity whose rates or forms are the subject of the review. The entity shall pay the retained professional or specialists directly for their costs. The commissioner shall conduct oversight of such independent reviewers in a manner that is consistent with standards for the use of independent reviewers established by the National Association of Insurance Commissioners in its Financial Condition Examiners Handbook and Market Regulation Handbook and shall ensure that costs are reasonable for the work performed. The amount paid by the company under this paragraph in any fiscal year shall be applied as a nontransferable credit against and to the extent of the company’s administrative fee under N.H. Rev. Stat. § 400-A:39 in the subsequent fiscal year and not thereafter.
II. The commissioner may from time to time contract for and procure on a fee or independently contracting basis, such additional actuarial, examination, rating, and other technical and professional services as he may deem necessary for the discharge of his duties. None of the individuals rendering such services pursuant to this paragraph shall be in the classified service of the state; provided, however, the commissioner may authorize, in his discretion, the payment of group hospitalization, hospital medical care, surgical care and other medical benefits, social security benefits, annual and sick leave benefits and such other benefits as are afforded to classified state employees, except participation in the New Hampshire retirement system, to such individuals who have been employed for 6 months or more as he shall determine.
Terms Used In New Hampshire Revised Statutes 400-A:10
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Oversight: Committee review of the activities of a Federal agency or program.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
III. If necessary to ensure the timely review of rates and forms submitted for approval under title XXXVII, the commissioner may retain, without appropriation under N.H. Rev. Stat. Chapter 9 and without qualifying as a department expenditure under N.H. Rev. Stat. § 4:15, independent actuaries or other professionals or specialists as reviewers, the cost of which shall be borne by the regulated entity whose rates or forms are the subject of the review. The entity shall pay the retained professional or specialists directly for their costs. The commissioner shall conduct oversight of such independent reviewers in a manner that is consistent with standards for the use of independent reviewers established by the National Association of Insurance Commissioners in its Financial Condition Examiners Handbook and Market Regulation Handbook and shall ensure that costs are reasonable for the work performed. The amount paid by the company under this paragraph in any fiscal year shall be applied as a nontransferable credit against and to the extent of the company’s administrative fee under N.H. Rev. Stat. § 400-A:39 in the subsequent fiscal year and not thereafter.