New Hampshire Issues Bulletin Re: Appointment Of Insurance Producers
Targeted News Service (Press Releases)
The New Hampshire Department of Insurance issued the following news release:
New Hampshire Insurance Department (NHID) Commissioner Chris Nicolopoulos issued a bulletin reminding insurers that they must comply with N.H. RSA 402-J:14 (I), which requires that all insurance producers acting as the agent of an insurer to be appointed by the insurer.
"The New Hampshire Insurance Department recently became aware of at least one insurer in New Hampshire that had failed to appoint the producers that were selling their products," said Commissioner Nicolopoulos. "Insurers who are not in compliance should immediately appoint all producers acting as their agents. Failure to comply with this statutory requirement may result in administrative action going forward." New Hampshire statutes provide penalties up to $2,500 per violation for insurers and producers who sell insurance through a producer without an appointment.
The New Hampshire Insurance Department Can Help The New Hampshire Insurance Department's mission is to promote and protect the public good by ensuring the existence of a safe and competitive insurance marketplace through the development and enforcement of the insurance laws of the State of New Hampshire. Contact us with any questions or concerns you may have regarding your insurance coverage at 1-800- 852- 3416 or (603) 271-2261, or by email at [email protected]. For more information, visit https://www.nh.gov/insurance.