New Hampshire HB 660 enacts the model act for life settlement providers and brokers of the National Association of Insurance Commissioners (NAIC). A $250,000 license
bond is required for providers and brokers. Surety bonds are among the financial instruments acceptable to fulfill this requirement. Rhode Island SB 2632/HB 7606 would require discount medical plan organizations to register and post a minimum $100,000 surety bond. The new law authorizes the Health Insurance Commissioner to use the bond at his or her discretion to protect the financial interest of the organization’s members, including refunds to consumers if the organization’s registration was revoked. An insurance company licensed to do business in the State would have to issue the bond. Other forms of security also would be accepted in lieu of the bond.