N.H. Code Admin. R. Ins 1908.05 - Assessment and Disbursement Plans

(a) Each year, the board shall specify its assessment and disbursement plans for eligible subsidies under this part. The assessment and disbursement plans shall each be considered amendments to the association's plan of operations pursuant to RSA 404-G:5 and shall conform to all applicable requirements of RSA 404-G.

(b) The board's assessment plan shall apply to all association members and shall be calculated to provide sufficient revenue to cover actuarial projections of anticipated subsidies, calculated in accordance with this part.

(c) The board's disbursement plan shall:

(1) Add available funds remaining from the prior year to anticipated current year assessments, investment income and experience period subsidies;

(2) Subtract anticipated expenses, including windup expenses; and

(3) From the remaining funds, calculate subsidies in accordance with Ins 1908.04(b) for eligible carriers, including prior unfunded experience period subsidies, based on the applications and experience data submitted by carriers.

(d) The board shall notify subsidy eligible carriers of the disbursement plan no later than November 1 of each year.

(e) The board shall collect assessments in accordance with its assessment plan and make payments in accordance with its disbursement plan.

Notes

N.H. Code Admin. R. Ins 1908.05

#10023, eff 11-14-11