NH HB1197

Increases administrative penalties for insurance violations, allowing fines up to $2,500 per day for failure to comply with investigations, file annual financial statements, or respond to examination requests

Expands grounds for license nonrenewal, suspension, or revocation of insurance claims adjusters, public adjusters, and producers to include misdemeanor convictions (in addition to felonies)

Allows workers' compensation insurers in fronting arrangements with captive reinsurers to deviate from filed loss cost multipliers under an alternative rating plan approved by the commissioner

Prohibits automobile insurance renewals from being conditioned upon payment by a specific date; missed payments must instead trigger standard cancellation notice procedures

Changes annual filing requirements for claim review procedures, grievance procedures, and utilization review processes from mandatory yearly submissions to filings upon the commissioner's request