Section 126-Q:5 Powers and Duties. - New Hampshire Statutes

In addition to the duties and powers enumerated elsewhere in this chapter:
   I. The commissioner of insurance shall fine any insurer that fails to pay an assessment within 6 months of notification under RSA 126-Q:3, V(j). The fine shall be at least $5,000 and no more than 125 percent of the amount of the delinquent assessment. Fines so levied shall be deposited with the state treasurer to the credit of the vaccine purchase fund established pursuant to RSA 141-C:17-a.
   I-a. The insurance commissioner shall annually review the report required under RSA 126-Q:3, V(k) on association membership, covered lives, and the payment of assessments to ensure that all insurers that should be members of the association are participating in the association and that all association members have accurately reported covered lives and paid the proper assessment. The association shall remedy any problem identified by the commissioner with respect to membership in the association, reporting of covered lives, or payment of the assessment.
   II. The commissioner and the commissioner of insurance may adopt rules, pursuant to RSA 541-A, as necessary to carry out the purposes of this chapter.

Source. 2002, 279:2, eff. June 17, 2002. 2008, 375:2, 16, eff. July 1, 2008.