HB 1194·NH·house
relative to credits for assessments paid by insurers and relative to the application of criminal gambling statutes.
Signed into LawFiled Dec 1, 2025
Sponsor: John Janigian (R)
Latest Action
Signed by Governor Ayotte 07/15/2026; Chapter 322; eff. I. Sec 1 eff 9/13/2026 II. Rem eff 7/15/2026
Jul 20, 2026
Summary
Member insurers of the New Hampshire Life and Health Insurance Guaranty Association can offset a portion of their insurance premium tax with credits for assessments they pay. The credit is limited to 20% of the assessment for five years, dropping to 10% if total credits in a year top $10 million, and cannot be carried forward or back. The change aims to protect state revenue while still helping insurers recover costs from insolvent competitors.
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