New Hampshire Statutes
§ 404-C:2 — Purposes and Contents of Risk Sharing Plans
Any plan promulgated or prepared as provided in RSA 404-C:1 shall: I. Give consideration to:
(a)The need for adequate and readily accessible coverage;
(b)Alternative methods of improving the market affected;
(c)The inherent limitations of the insurance mechanism;
(d)The need for reasonable underwriting standards; and
(e)The requirement of reasonable loss prevention measures;
II. Establish procedures that will create minimum interference with the voluntary market;
III. Spread the burden imposed by the plan equitably and efficiently within the industry; and
IV. Establish procedures for applicants and participants to have grievances reviewed by an impartial body.
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Legislative History
1971, 488:1, eff. Aug. 31, 1971.
Nearby Sections
15
§ 404-C:1
Establishment of Plans§ 404-C:10
Transition§ 404-C:12
Recoupment§ 404-C:13
Voluntary Risk Sharing Plans§ 404-C:15
§ 404-C:15§ 404-C:16
§ 404-C:16§ 404-C:17
Closure of the NHMMJUA§ 404-C:3
Persons Required to Participate§ 404-C:4
Voluntary Participation§ 404-C:5
Classifications and Rates§ 404-C:5-a
Workers' Compensation Assigned Risk Plan§ 404-C:6
Basis of Participation