NH HB1194

Modifies tax credit rules for member insurers who pay assessments to the NH Life and Health Insurance Guaranty Association (NHLHIGA) when an insurer becomes insolvent

Reduces the annual tax credit rate from 20% to 10% if total eligible assessment credits exceed $10,000,000 in any calendar year, spreading the fiscal impact over a longer period

Limits credits to assessments for the life insurance and annuity account, and health account solely for disability income coverages

Prohibits insurers from carrying forward or carrying back any unused portion of the tax credit, though amended returns may still be filed to claim credits

Takes effect 60 days after passage; requested by the NH Insurance Department