Senate committee weighs changes to oversight and reserve rules for pooled risk programs
The Senate Finance Committee heard hours of testimony on SB 661, a bill to set minimum/maximum contingency reserves and strengthen oversight of pooled risk programs after recent failures and surprise assessments at some trusts. Supporters say it prevents insolvency; opponents say it would outlaw non‑assessable models and strain small municipal budgets.
The full story
The New Hampshire Senate Finance Committee heard extensive testimony on SB 661, a bill from Sen. Sharon Carson that would set minimum and maximum contingency reserve levels for pooled risk management programs and give regulators new tools to intervene when a pool shows signs of financial stress.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in