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Banking and insurance industries oppose bill banning non‑risk‑based denials; regulators cite enforceability concerns
Summary
Representative Patusick introduced House Bill 359, which would bar denial of banking and insurance services based on factors that are not quantitative, impartial and risk‑based. Banking and insurance trade groups, the attorney general’s office and state regulators urged the committee to reject or amend the proposal, citing conflicts with federal
Representative Patusick introduced House Bill 359, which would prohibit denial of banking and insurance services on any factor that is not quantitative, impartial and risk‑based as measured by an objective standard.
Why it matters: proponents argue the measure would protect consumers and businesses from discriminatory or arbitrary denials of banking and insurance services. Opponents, including the New Hampshire Bankers Association and major insurers, said the draft would interfere with underwriting, risk‑based pricing and federal compliance obligations.
Regulatory enforcement and jurisdiction questions Alexandra…
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