Section Ins 1703.10 - Collection and Remitting of the Stabilization Reserve Fund Charges(a) Every insurer or association that has issued policies of medical malpractice liability insurance, unless granted an extension pursuant to RSA 400-A:31 which shall be such insurer's payment date, shall pay on or before March 1 of each year to the New Hampshire medical malpractice stabilization reserve fund trust the charges levied pursuant to Ins 1703.08(b). Every insurer shall also provide the name and address of each insured charged, and the amount of gross premium and charge collected. The payment shall be made by check payable to the New Hampshire medical malpractice stabilization reserve fund trust and forwarded to the insurance commissioner's office with the required report.(b) On or before July 1, 1986, and on or before July 1 of each succeeding year, every insurer or association issuing policies of medical malpractice liability insurance shall pay to the New Hampshire malpractice stabilization reserve fund trust an amount equal to one-half of the charges collected in the previous calendar year. This payment shall be considered as partial payment of the charge liability for the calendar year in which the payment was received.(c) The charges remitted to the commissioner shall be promptly forwarded to the New Hampshire medical malpractice stabilization reserve fund trust.(d) Any insurer or association intentionally failing to file the report required by this section or intentionally failing to remit the proper amount due within the time for filing shall be subject to a fine of $2500 pursuant to RSA 400-A:15 III.(e) Any insurer who has inadvertently made payment to the medical malpractice stabilization reserve fund trust in excess of the amount legally chargeable against such insurer may apply to the commissioner for refund of such overpayment. If the commissioner is satisfied that, because of some mistake of fact, error in calculation, or erroneous interpretation of law of this state, an overpayment was made by the insurer, the commissioner shall direct the medical malpractice stabilization reserve fund trust to make a cash refund to the insurer.N.H. Admin. Code § Ins 1703.10
#7112, eff 10-29-99; ss by #7409, eff 12-1-00, EXPIRED: 12-1-08
New. #9373, eff 1-30-09