New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 1400 - AUTOMOBILE INSURANCE
Part Ins 1406 - PLAN OF OPERATION FOR THE NEW HAMPSHIRE AUTOMOBILE REINSURANCE FACILITY
Section Ins 1406.04 - Basis of Participation
Current through Register No. 12, March 21, 2024
(a) All insurers authorized to write automobile insurance in this state shall issue to any eligible risk a policy of automobile insurance covering private passenger automobiles. The policy shall be of the type afforded by such insurer to the public, and utilizing the premium payment plans, rules, and classification systems then in effect for such insurer, and shall provide the coverages and coverage limits as requested by the insured. However, any policy ceded to the facility shall be charged the approved facility rate and no insurer shall be required to afford coverages or coverage limits in excess of those coverages and coverage limits offered by the facility. Each member of a group of affiliated insurers shall not be considered a separate insurer for purposes of this section.
(b) No producer appointed to represent an insurer shall refuse to furnish to any eligible risk a quotation of premium for automobile insurance covering private passenger automobiles.
(c) If the risk accepts the quotation, the producer shall promptly submit the application to the insurer and shall exercise whatever binding authority is normally available from that insurer.
(d) If the risk accepts the quotation but it is not within the producer's binding authority, the producer shall promptly submit the application to the insurer and, unless a later effective date is requested by the insured, the coverage shall be bound and effective at 12:01 A.M. on the date following the date of mailing of the application to the insurer as shown by the postmark on the transmittal envelope. If the postmark is not legible, the coverage shall be effective at 12:01 A.M. on the day following receipt of the application by the insurer.
