Current through Register No. 45, November 7, 2024
Section Ins 2704.07 - EnforcementA PBM shall be subject to the provisions of RSA 402-N:2, III for the following reasons:
(a) Failure to comply with any provisions of this part or of RSA 402-N;(b) Failure to comply with any lawful order of the commissioner;(c) Committing an unfair or deceptive act or practice as described in RSA 417;(d) Filing an application or any necessary forms with the department which contain fraudulent information or omissions;(e) Misappropriation, conversion, illegal withholding, or refusal to pay over, upon proper demand, any monies that belong to a person otherwise entitled to them and that have been entrusted to the PBM;(f) Evidence that an owner, principal, officer, partner, manager, director, trustee, or the PBM itself has:(1) Had an insurance license or an application for an insurance license in any state denied, suspended, or revoked;(2) Been the subject of a fine, penalty, order, withdrawal, or informal settlement with any state insurance department; or(3) Pled guilty or no contest to any felony or misdemeanor; or(g) Failure to meet any qualification for which registration would have been refused had such failure then existed and been known to the Department.N.H. Admin. Code § Ins 2704.07
Derived From Volume XXXVII Number 10, Filed March 9, 2017, Proposed by #12121, Effective 2/24/2017, Expires 2/24/2027.Amended by Volume XL Number 28, Filed July 9, 2020, Proposed by #13059, Effective 6/29/2020, Expires 6/29/2030.