SB 124 (2021)
Various insurance changes, from travel insurance to Medicare Supplement insurance
Summary:
This is an omnibus bill related to insurance.
First, the bill establishes procedures for the sale of travel insurance in New Hampshire.
Second, the bill permits insurers to use derivative instruments to engage in hedging transactions, income generation transactions, and replication transactions with some restrictions.
Third, the bill bill establishes procedures for self-storage insurance.
Fourth, this bill prohibits people over age 65 from being charged a higher rate for their Medicare Supplement coverage than the rate charged for people eligible for Medicare due to their age.
Lastly, this bill creates a modified open enrollment period for Medicare Supplement insurance, during the birth month of the member.
Bill Became Law?:
Yes
Status Detail:
Signed by Governor
