Section Ins 1703.05 - Service Carriers(a) The board shall recommend, annually or whenever necessary, one or more members of the association, or a non-member that meets the requirements outlined in Ins 1703.05(b) (3), to act as servicing carriers to be appointed by the commissioner.(b) Servicing carriers shall meet the following requirements: (1) The servicing carrier shall have the capability to properly process and service all eligible risks at a level equal to that rendered in the voluntary market;(2) The servicing carrier shall agree to service all eligible risks at a level equal to that rendered in the voluntary market;(3) The servicing carrier shall agree to perform those duties necessary or incidental to the fulfillment of its obligations hereunder, including, but not limited to: a. The binding of coverage;b. The issuance of policies;c. The collection of premium;d. The processing of subsequent policy transactions;e. The performance of necessary and reasonable loss prevention services;f. The servicing of claims on a timely basis;g. The carrying out of all necessary accounting procedures;h. The collection of necessary or required data;i. The generation of necessary or required statistical and accounting information in the report format required; andj. The collection of assessment of members as provided in Ins 1703.07, paragraphs (a), (b) and (c) under the general supervision of the commissioner.(c) Nothing shall preclude the designation of servicing carriers to service specified kinds of health care providers who are eligible risks, provided that the board shall appoint sufficient servicing carriers to service all kinds of health care providers who are eligible risks. If no member is willing or able to act as a servicing carrier, or if, for any other reason, the commissioner does not appoint a servicing carrier, then the board itself shall act as a servicing carrier.(d) The servicing carrier shall bind coverage and issue policies on behalf of the association and do those things necessary and incidental thereto, including the collection and transmission of premium to the association and payment of commission to the producer.(e) The board shall establish a bank account upon which the servicing carrier shall be empowered to draw to pay claims and related expenses. The board shall perform those acts reasonable, necessary or incidental to the establishment of such an account, including arranging appropriate fidelity bond coverage.N.H. Admin. Code § Ins 1703.05
#7112, eff 10-29-99; ss by #7409, eff 12-1-00, EXPIRED: 12-1-08
New. #9373, eff 1-30-09