Section 402:41 Exceptions. - New Hampshire Statutes

   I. RSA 402:39, RSA 402:40, and RSA 417:4, IX shall not prohibit:
      (a) An insurance company from paying to another insurance company or to any person who is a duly authorized producer, or an insurance company or such a person from receiving a commission in respect to any policy under which the entity or he or she is insured.
      (b) An insurance company issuing non-participating life insurance from paying bonuses to policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated from non-participating insurance.
      (c) An insurance company transacting industrial insurance on the weekly payment plan from returning to policyholders, who have made premium payments for a period of at least one year directly to the company of its home or district offices, a percentage of the premium which the company would have paid for weekly collection of such premiums.
      (d) Value added service, activity, or product offered or provided without a fee, or at a reduced fee, that is related to the coverage provided by the insurance contract, if the provision of such value added service, activity, or product does not violate any other applicable statute or rule, and is:
         (1) Clearly identified and included within the insurance policy, annuity contract, or brokerage agreement; or
         (2) Directly related to the firm's servicing of the insurance policy, annuity contract, or brokerage agreement, or offered or undertaken to provide risk control for the benefit of the client.
   II. For the purposes of subparagraph I(d), ""value added service, activity, or product'' may include the following:
      (a) Risk assessments.
      (b) Risk control tools.
      (c) Claims assistance.
      (d) Legislative updates.
      (e) Administration consulting.

Source. 1913, 127:1. PL 273:35. RL 323:40. 1947, 175:2. 2003, 244:1, eff. Sept. 12, 2003. 2008, 255:1, eff. Aug. 25, 2008.