HB 1450 (2016): relative to risk-based capital for insurers.
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@misc{bill-2016-hb1450, title = {HB 1450 (2016): relative to risk-based capital for insurers.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2016/hb1450}, note = {Accessed 24 Oct. 2026} }
HB 1450 (2016)
relative to risk-based capital for insurers.
- Status: Signed into law
- Term: 2015-2016
- House committee: Commerce and Consumer Affairs
- Senate committee: Commerce
- Subject: Insurance
- Chapter law: 113
The Story
It was introduced on January 6, 2016 and referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on February 16, 2016. The committee held a work session on February 18, 2016. The committee met in executive session on March 1, 2016 to vote on its recommendation. The committee voted 17–1 to recommend that the House pass it, and the report was placed on the consent calendar. On March 9, 2016 the House voted to pass it on a voice vote. It crossed to the Senate on March 10, 2016 and was referred to the Senate Commerce committee. The committee held a public hearing on March 22, 2016. The committee recommended that the Senate pass it. On April 21, 2016 the Senate voted to pass it on a voice vote and ordered it to a third reading. The bill was enrolled on May 11, 2016 — the final check of the text before it goes to the governor. The governor signed it on May 20, 2016, making it Chapter 113 of the session laws.
Sponsors
- Rep. John Hunt (R - Ches 11) (prime sponsor)
- Rep. Edward Butler (D - Carr 7)
- Rep. Donald Flanders (R - Belk 3)
- Sen. Jeb Bradley (R - SD3)
Hearings and Sessions
- February 16, 2016, 11:00 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
- February 18, 2016, 1:15 PM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302
- March 1, 2016, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB 302
- March 22, 2016, 2:00 PM: hearing, Senate Commerce, SH 100
Votes
- March 9, 2016, House: Ought to Pass — voice vote, passed
- April 21, 2016, Senate: Ought to Pass — voice vote, passed
The Docket
- January 6, 2016: Introduced 01/06/2016 and referred to Commerce and Consumer Affairs
- February 16, 2016: Public Hearing: 02/16/2016 11:00 AM LOB 302
- February 18, 2016: Subcommittee Work Session: 02/18/2016 01:15 PM LOB 302
- March 1, 2016: Executive Session: 03/01/2016 01:15 PM LOB 302
- March 9, 2016: Committee Report: Ought to Pass for 03/09/2016 (Vote 17-1; CC)
- March 9, 2016: Ought to Pass : MA VV 03/09/2016
- March 10, 2016: Introduced 03/10/2016 and Referred to Commerce
- March 22, 2016: Hearing: 03/22/2016, Room 100, SH, 02:00 pm
- April 21, 2016: Committee Report: Ought to Pass, 04/21/2016
- April 21, 2016: Ought to Pass : MA, VV; OT3rdg; 04/21/2016
- May 5, 2016: Enrolled (In recess 05/05/2016)
- May 11, 2016: Enrolled 05/11/2016
- May 20, 2016: Signed by Governor Hassan 05/20/2016; Chapter 113; Eff. 7/19/2016