Section Ins 1703.11 - Coverage, Rates and Forms(a) Coverage shall be provided under such policies and forms and subject to such rates, rating plans and classification systems as determined by the board to be at the same level as is provided in the voluntary market. Such coverage shall be on an occurrence or claims-made basis.(b) The association shall offer coverage for medical malpractice claims reported after the inception of coverage of the eligible risk by the association which were incurred while the eligible risk was covered under a prior claims-made policy, but for which period the prior claims-made policy does not provide coverage or offer the option to purchase coverage. The association shall not be required to offer coverage for such periods that the prior liability carrier has offered the option to purchase the coverage. Such coverage by the association shall be at the same level and same limits otherwise provided under this part, including the plan of operation.(c) Coverage for an eligible risk shall become effective at 12:01 A.M. on the day following the day the eligible risk applies for coverage, unless the eligible risk requests a later effective date, provided that timely payment of the appropriate premium is made. The date of application shall be the date the eligible risk signs the application or the date on which the agent notifies the association, whichever is sooner, provided that no agent shall delay the signing of the application or the notification to the association so as to avoid the timely binding of coverage. Coverage shall remain in effect for one year, unless the eligible risk cancels or unless premium is not paid when due.(d) Coverage shall be provided at such limits and for such forms of medical malpractice insurance, as the eligible risk may select. Such insurance shall be subject to minimum limits of $25,000 for each claimant and $75,000 for all claimants in any one policy year, and subject to maximum limits of $1,000,000 for each claimant and $3,000,000 for all claimants in any one policy year. With respect to coverage which provides for a separate limit for the liability of the insured for damage to property, such limit shall be subject to a minimum of $25,000 per occurrence and to a maximum of $100,000 per occurrence.(e) Coverage shall be provided at such limits and for such forms of general liability insurance, as the eligible risk may select. Such insurance shall be subject to minimum limits of $25,000 for each claimant and $75,000 for all claimants in any one policy year, and subject to maximum limits of $1,000,000 for each claimant and $3,000,000 for all claimants in any one policy year. With respect to coverage which provides for a separate limit for the liability of the insured for damage to property, such limit shall be subject to a minimum of $25,000 per occurrence and to a maximum of $100,000 per occurrence.(f) Coverage shall be renewed annually at the option of the eligible risk, and such coverage shall be cancelable by the association only on the grounds of nonpayment of premium or assessment.(g) The board shall appoint committees or contract with rating organizations or independent consulting actuaries as may be necessary to implement Ins 1703.11.N.H. Admin. Code § Ins 1703.11
#7112, eff 10-29-99; ss by #7409, eff 12-1-00, EXPIRED: 12-1-08
New. #9373, eff 1-30-09