New Hampshire § 400-A-15 - Section 400-A:15 Statutes, Rules, and Regulations; Violation.

§ 400-A-15. Section 400-A:15 Statutes, Rules, and Regulations; Violation.

I. The commissioner shall have full power and authority to make, promulgate, amend and rescind reasonable rules and regulations for, or as an aid to, the administration or effectuation of any provision or provisions of this title or of the Gramm-Leach-Bliley Act of 1999 (Public Law 106-102) which relate to insurance and such other rules and regulations as are reasonably necessary to implement such provisions. II. Prior to the adoption of any rule or regulation, or the amendment or repeal thereof, the commissioner shall publish or otherwise circulate notice of his intended action and afford interested persons opportunity to submit data or views either orally or in writing. III. Any person who knowingly violates any statute, rule, regulation, or order of the commissioner may, upon hearing, except where other penalty is expressly provided, be subject to such suspension or revocation of certificate of authority or license, or administrative fine not to exceed $2,500 per violation, as may be applicable under this title for violation of the statute or the provision to which the rule, regulation, or order relates. [Paragraph IV repealed by 2025, 262:9, effective July 1, 2027.] IV. For state fiscal years ending June 30, 2026 and June 30, 2027, fines collected against an insurer or any other regulated entity or person for violation of any of the provisions of Title XXXVII or rules adopted thereunder or for any violation of a duly authorized order of the commissioner over this period shall be deposited by the commissioner in the insurance department administration fund established under RSA 400-A:39 in an amount not to exceed $400,000 and shall be utilized for the purpose of contracting for the independent accounting and actuarial study required under RSA 420-J:26. Any fines collected during this period in excess of this $400,000 amount shall be deposited by the commissioner in the general fund. If there is any portion of the $400,000 amount that remains unused after the purposes of RSA 420-J:26 are accomplished, then the commissioner shall notify the state treasurer that such amount is to be transferred to the general fund under this paragraph.