New Hampshire SB614 establishes rules for nonprofit and for-profit providers and servicers to form joint self-insured risk coverage arrangements for.

New Hampshire SB614 creates a framework for two or more nonprofit and for-profit providers and servicers of child care, day care, foster care placement, and behavioral health services to form joint self-insured risk coverage arrangements. These arrangements allow the entities to jointly self-insure liability risks, purchase insurance and reinsurance, and contract for risk management, claims, and administrative and legal services. The bill outlines the requirements for these arrangements, including governance, financial management, and reporting to the New Hampshire insurance commissioner.

New Hampshire SB614 establishes rules for nonprofit and for-profit providers and servicers to form joint self-insured risk coverage arrangements for.

New Hampshire SB614 creates a framework for two or more nonprofit and for-profit providers and servicers of child care, day care, foster care placement, and behavioral health services to form joint self-insured risk coverage arrangements. These arrangements allow the entities to jointly self-insure liability risks, purchase insurance and reinsurance, and contract for risk management, claims, and administrative and legal services. The bill outlines the requirements for these arrangements, including governance, financial management, and reporting to the New Hampshire insurance commissioner.