Establishes political subdivision risk management programs for political subdivisions in New Hampshire.

The bill establishes political subdivision risk management programs for political subdivisions in New Hampshire. It outlines the formation, operation, and regulation of these programs, including eligibility requirements, authorized activities, and the role of the insurance commissioner. The bill also details the investment and financial reporting requirements for these programs, as well as the conditions under which regulatory control may be imposed. It exempts these programs from certain insurance regulations and provides for their tax-exempt status.

Establishes political subdivision risk management programs for political subdivisions in New Hampshire.

The bill establishes political subdivision risk management programs for political subdivisions in New Hampshire. It outlines the formation, operation, and regulation of these programs, including eligibility requirements, authorized activities, and the role of the insurance commissioner. The bill also details the investment and financial reporting requirements for these programs, as well as the conditions under which regulatory control may be imposed. It exempts these programs from certain insurance regulations and provides for their tax-exempt status.