New Hampshire would study how reinsurance affects property insurance

New Hampshire would form a commission to study how extreme weather affects reinsurance and property insurance. The study would cover insurance for residential and commercial buildings and structures in New Hampshire. The commission would include legislators, the insurance commissioner or a designee, and representatives of large and small insurance carriers. Legislative members would receive mileage at the legislative rate for commission work. The commission would study reinsurance rates, costs, availability for small carriers, and possible effects on government, taxpayers, and the state. The commission's first meeting would occur within 45 days after this section takes effect, and its report would be due by November 1, 2026.

The act would repeal the statutory commission provision. The repeal would apply to the commission to study reinsurance and property insurance in RSA 400-A:69 and its subdivision heading. The repeal would take effect on November 1, 2026; the rest of the act would take effect when enacted.