New Hampshire Insurance Department Updates Guidance for Licensee Disclosure Requirements
The New Hampshire Insurance Department (NHID) has issued updated guidance to assist insurance producers and adjusters in meeting state-mandated disclosure requirements. The bulletin clarifies the options available to licensees for reporting formal public administrative actions and criminal prosecutions, as required by New Hampshire law.
“The purpose of regulation ought not to be to burden the honest but to deter the dishonest, and to do so in the least intrusive and most efficient manner possible,” said Insurance Commissioner DJ Bettencourt. “While these requirements are a matter of law, they are also a matter of personal accountability. By adhering to these straightforward reporting expectations, we maintain a professional insurance sector that operates with integrity, preserves consumer confidence, and avoids unnecessary regulatory entanglements.”
Under RSA 402-J:17, 402-D:18, and 402-B:7, all insurance producers and adjusters licensed in New Hampshire must report any formal administrative actions taken against them by another governmental agency within 30 days of final disposition. They must also report any criminal prosecutions in any jurisdiction within 30 days of the initial pretrial hearing. These disclosures are also required at the time of license application and renewal.
To streamline compliance, licensees may fulfill these reporting requirements by either uploading the relevant documentation to the National Insurance Producer Registry (NIPR) or by mailing the documents to the NHID Licensing Division. This flexibility helps reduce administrative burdens while ensuring that regulatory standards are maintained.
“Providing clear and practical guidance helps maintain a level playing field for all licensees while reinforcing the department’s commitment to protecting Granite State consumers,” said Deputy Insurance Commissioner Keith Nyhan. “This update supports both compliance and professionalism across the market.”
Failure to comply with these disclosure requirements may result in administrative penalties, including fines, suspension, or revocation of licensure.
The full bulletin, Docket #INS 25-034-AB, can be viewed at https://mm.nh.gov/files/uploads/nhid/documents/20250428-ins-25-034.pdf or viewed below:
