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NH SB614
Bill
Status
11/25/2025
Primary Sponsor
Denise Ricciardi
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AI Summary
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Creates a new chapter (RSA 5-E) allowing child care centers and foster family homes to form pooled risk management programs as an alternative to traditional insurance
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A liability pool can be established when 10 or more child care facilities, foster family homes, or a combination agree in writing to participate
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Pools may provide casualty coverage (general/professional liability, workers' compensation, errors and omissions) and property coverage (fire, theft, natural hazards, boiler and machinery)
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Programs meeting the chapter's standards are exempt from state insurance regulation and taxation, and are not considered insurance companies under state law
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Requires annual independent audits and actuarial evaluations filed with the Department of State, with claims analysis information kept confidential
Legislative Description
Establishing multiple-caregiver self-insured risk coverage arrangements for nonprofit and for-profit providers and servicers.
Last Action
Ought to Pass with Amendment #2026-1044s, Motion Adopted, Voice Vote; Refer to Finance Rule 4-5; 03/12/2026; Senate Journal 6
3/10/2026