(a) In order to discontinue a block of business, the insurer shall make such request in writing and through the System for Electronic Rate and Form Filings (SERFF) at https://www.serff.com/ to the commissioner 60 days prior to the date of discontinuance and include in such request:
- (1) The number of New Hampshire policies currently in force;
- (2) The total number of covered lives;
- (3) The total annual premium of the policies in force;
- (4) An explanation of the classification of risk involved therein to indicate that such classification is reasonable and nondiscriminatory; and
- (5) Statistical data sufficient to indicate that the cancellation or nonrenewal requested is reasonable and nondiscriminatory.
- (b) Where the insurer reserves the right to cancel, the provisions of RSA 415:6, II(8) shall be delineated in the policy.
Source. #12630, eff 9-28-18