New Hampshire Revised Statutes 402:15-b – Direct Billing Restricted
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Hampshire Revised Statutes 402:15-b
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- 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
No insurer authorized and licensed to issue policies of insurance other than life and accident and health insurance and to transact business in this state shall demand or make mandatory upon any agent so licensed in this state, any system of direct billing to the insured by the insurer unless such system shall be approved, accepted and endorsed by any such agent in writing, on a form prescribed by the commissioner. No insurer authorized and licensed to issue policies of insurance other than life and accident and health insurance and to transact business in this state shall cancel an agent’s book of business with such insurer in its entirety or in part following an agent’s decision not to accept a direct billing proposal advanced by the said insurer wherein such cancellation can be attributed to the agent’s decision not to accept a system of direct billing to the insured.