Section Ins 1201.11 - Annual Experience Reports(a) On or before June 1 of each year, each insurer doing credit insurance business in this state during any part of the just completed experience period shall submit its annual experience report.(b) The reports required by this section shall be submitted on either Form A or Form B. Insurers shall reproduce Forms A and B for use according to their needs.(c) Form A shall be used to report the experience of all accounts of the insurer except those accounts which are to be reported on Form B as required in (d) below. When Form A is the proper form for reporting, a separate Form A shall be submitted for each plan of benefits written for each class of business. No single Form A submitted shall combine the experience of any 2 or more classes of business or any 2 or more plans of benefits. Following these directions, each insurer shall submit as many forms as is necessary to include all of their experience in the state within the experience period, except that which is to be reported on Form B.(d) Form B shall be used to report the experience of these accounts of the insurer where any one of the following conditions apply: (1) An approved rate deviation was applicable to the account throughout or during any part of the just completed experience period;(2) The current premium rates of the account involve an approved rate deviation; or(3) The insurer is requesting approval for a proposed rate deviation.(e) A separate Form B shall be submitted for each account for which a Form B is required pursuant to (d) above. No single Form B, however, shall combine the experience of 2 or more classes of business or any 2 or more plans of benefits.(f) Each insurer shall restrict the experience reported pursuant to this section to that insurer's experience in this state only.(g) All individual policy experience shall be reported on a calendar year basis. Group insurance business shall be reported on either a calendar year basis or a policy year basis at the option of the insurer provided the insurer reports on a consistent basis from year to year. Where the insurer reports on a policy year basis, each policy year of experience shall be included in the calendar year during which the policy year ended.(h) The experience reports submitted pursuant to this section shall not include the experience of those accounts where no identifiable charge for the insurance is made to the debtor.(i) All reports submitted pursuant to this subsection shall be addressed to the attention of the life, accident, and health division.N.H. Admin. Code § Ins 1201.11
#1900, eff 1-1-82; ss by #2441, eff 1-1-84; ss by #4287, eff 7-1-87; amd by #4369, eff 3-1-88; ss by #5650, eff 7-1-93, EXPIRED 7-1-99
New. #7146, eff 4-1-00, EXPIRED: 4-1-08
New. #9611, eff 1-4-10
Amended by Volume XXXVIII Number 06, Filed February 8, 2018, Proposed by #12474, Effective 2/2/2018, Expires 2/2/2028.