NH INSURANCE LAWS AND REGULATIONS
EXAM |LATEST VERSION
License Display - ACCURATE ANSWERS✔✔ The adjuster must exhibit his license to
the an insured, a claimant, a witness, a
potential witness or any other informant with whom he may deal in the course of
investigating
or adjusting any claim.
License Renewal - ACCURATE ANSWERS✔✔ License will expire on October 1st of
the second calendar year after its issue.
Temporary Adjusters License - ACCURATE ANSWERS✔✔ In the event of an
emergency, the commissioner may issue a temporary license that is good for one
year.
Continuing Education - ACCURATE ANSWERS✔✔ Every two years, 60 days before
renewing their license, an adjuster must must have completed 20 hours of
Continuing Education.
Disciplinary Actions - ACCURATE ANSWERS✔✔ Cease and Desist Order
Suspension or Revocation
Penalties and Fines
,Cease and Desist Order - ACCURATE ANSWERS✔✔ the Commissioner may issue
and serve upon that person a statement of the charges and a notice of a hearing
to be held.
Notice must be given at least 10 days before the hearing date.
After the hearing, if the Commissioner finds the the adjuster's acts and practices
to be in violation of the law, he will issue a cease and desist order to stop the the
method of the adjusters competition, act or practice.
Penalty for Violating Cease and Desist Order - ACCURATE ANSWERS✔✔ If any
person violates a cease and desist
order issued by the Commissioner, he may suspend, revoke, or refuse to renew
the license of that person.
The Commissioner may also impose an administrative penalty of up to $2,500 for
each method of competition, act, or practice found to be in violation.
Suspension or Revocation - ACCURATE ANSWERS✔✔ After the hearing, the
Commissioner may suspend or revoke the adjuster's license or subject him to an
administrative fine not to
exceed $2,500.
The aggrieved may appeal in accordance with state code.
, Penalties and Fines - ACCURATE ANSWERS✔✔ If an adjuster misrepresents his
identity he will
be guilty of a misdemeanor if a natural person, or guilty of a felony if any other
person;
and
be subject to suspension or revocation of his license and a fine not to exceed
$2,500 for
each violation.
Unfair Claim Settlement Practices by Insurers - ACCURATE ANSWERS✔✔
Misrepresenting pertinent facts related to coverage
Failing to acknowledge and act promptly when a claim arrises.
Failing to implement reasonable standards when promptly investigating a claim.
Failing to affirm or deny coverage within a reasonable time after proof of loss was
submitted.
Failure of an insurer to maintain a complete record of all complaints which it has
received, whether or not they were deemed valid
Knowingly underestimating the value of any claim by an insurer or by an adjuster
representing the insurer.
EXAM |LATEST VERSION
License Display - ACCURATE ANSWERS✔✔ The adjuster must exhibit his license to
the an insured, a claimant, a witness, a
potential witness or any other informant with whom he may deal in the course of
investigating
or adjusting any claim.
License Renewal - ACCURATE ANSWERS✔✔ License will expire on October 1st of
the second calendar year after its issue.
Temporary Adjusters License - ACCURATE ANSWERS✔✔ In the event of an
emergency, the commissioner may issue a temporary license that is good for one
year.
Continuing Education - ACCURATE ANSWERS✔✔ Every two years, 60 days before
renewing their license, an adjuster must must have completed 20 hours of
Continuing Education.
Disciplinary Actions - ACCURATE ANSWERS✔✔ Cease and Desist Order
Suspension or Revocation
Penalties and Fines
,Cease and Desist Order - ACCURATE ANSWERS✔✔ the Commissioner may issue
and serve upon that person a statement of the charges and a notice of a hearing
to be held.
Notice must be given at least 10 days before the hearing date.
After the hearing, if the Commissioner finds the the adjuster's acts and practices
to be in violation of the law, he will issue a cease and desist order to stop the the
method of the adjusters competition, act or practice.
Penalty for Violating Cease and Desist Order - ACCURATE ANSWERS✔✔ If any
person violates a cease and desist
order issued by the Commissioner, he may suspend, revoke, or refuse to renew
the license of that person.
The Commissioner may also impose an administrative penalty of up to $2,500 for
each method of competition, act, or practice found to be in violation.
Suspension or Revocation - ACCURATE ANSWERS✔✔ After the hearing, the
Commissioner may suspend or revoke the adjuster's license or subject him to an
administrative fine not to
exceed $2,500.
The aggrieved may appeal in accordance with state code.
, Penalties and Fines - ACCURATE ANSWERS✔✔ If an adjuster misrepresents his
identity he will
be guilty of a misdemeanor if a natural person, or guilty of a felony if any other
person;
and
be subject to suspension or revocation of his license and a fine not to exceed
$2,500 for
each violation.
Unfair Claim Settlement Practices by Insurers - ACCURATE ANSWERS✔✔
Misrepresenting pertinent facts related to coverage
Failing to acknowledge and act promptly when a claim arrises.
Failing to implement reasonable standards when promptly investigating a claim.
Failing to affirm or deny coverage within a reasonable time after proof of loss was
submitted.
Failure of an insurer to maintain a complete record of all complaints which it has
received, whether or not they were deemed valid
Knowingly underestimating the value of any claim by an insurer or by an adjuster
representing the insurer.
