Section Ins 1404.02 - Rating Practices(a) Insurance companies shall not make premium changes to an automobile policy during the policy period in the voluntary market other than for the following reasons: (1) Addition of a new or replacement vehicle;(2) Addition or deletion of a driver;(3) Change in garaged location;(6) Change in use of vehicle;(7) The insured has attained a new age;(8) Change in marital status of any listed driver;(9) The addition of new coverage to a vehicle on the policy or for a replacement vehicle;(10) Deletion of a vehicle; or(11) Discovery of convictions or occurrences, which occurred during the current or first prior policy period, resulting in losses incurred or paid.(b) Changes which occur during the policy period shall be calculated using the rates in effect at the beginning of the policy period.(c) If premium changes are made during the policy period to reflect changes pursuant to (a)(11) above, they shall be appropriately removed on the same basis during a subsequent policy period.(d) For the purposes of this section, if the policy of automobile insurance provides for a policy period of less than 12 months, then "policy period" means the period of time set forth in the policy itself.(e) Insurers shall not rate a person as an operator resident in the same household if the named insured swears in an affidavit that the alleged operator is, in fact, not a resident in the same household. It shall be the responsibility of the named insured to inform their insurance company at renewal if the residency information contained in the affidavit ceases to be correct.N.H. Admin. Code § Ins 1404.02
Derived from Volume XLI Number 6, Filed February 11, 2021, Proposed by # 13162, Effective 1/25/2021, Expires 1/25/2031.