New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 2300 - THIRD PARTY ADMINISTRATORS
Part Ins 2301 - REGULATION OF THIRD PARTY ADMINISTRATORS
Section Ins 2301.17 - Grounds for Denial, Non-renewal, Suspension, or Revocation of Certificate; Penalty

Universal Citation: NH Admin Rules Ins 2301.17

Current through Register No. 12, March 21, 2024

(a) An administrator shall be subject to the provisions of RSA 402-H:14 and RSA 402-H:16 for the following reasons:

(1) Failure to comply with any provisions of these rules or of RSA 402-H;

(2) Failure to comply with any lawful order of the commissioner;

(3) Committing an unfair or deceptive act or practice as described in RSA 417;

(4) Deterioration of financial condition adversely affecting the certificate holder's ability to operate as an administrator;

(5) Filing an application or any necessary forms with the department which contain fraudulent information or omissions;

(6) Misappropriation, conversion, illegal withholding, or refusal to pay over, upon proper demand, any monies that belong to a person otherwise entitled to them and that have been entrusted to the administrator in his/her fiduciary capacity;

(7) Evidence that an owner, principal, officer, partner, manager, director, stockholder, trustee, employee of the administrator, or the administrator itself has:
a. Had an insurance license or an application for an insurance license in any state denied, suspended, or revoked;

b. Been the subject of a fine, penalty, order, withdrawal, or informal settlement with any state insurance department; or

c. Pled guilty or no contest to any felony or misdemeanor; or

(8) At any time fails to meet any qualification for which the issuance of the certificate could have been refused had such failure then existed and been known to the Department.

#5787, eff 2-14-94; ss by #7023, eff 7-1-99; ss by #7318, eff 8-1-00; ss by #7506, eff 6-25-01, EXPIRED: 6-25-09

New. #9510, eff 7-10-09

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