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Committee considers giving towns 36 months to pay special assessments from pooled risk programs; insurers caution on solvency
Summary
SB 605 would let political subdivisions pay special assessments from assessable pooled risk programs in installments over 36 months. HealthTrust and School Care testified with contrasting cautions: HealthTrust recommended higher reserves and risk‑based capital metrics; School Care warned that extended collection could endanger solvency and described a recent $30 million assessment.
Senate Finance took testimony on SB 605, a bill that would permit political subdivisions to pay special assessments from pooled risk programs in installments over a 36‑month period. Sponsor Senator Rebecca Perkins Kwoka said the change would help municipalities budget for unexpected, large assessments.
Representatives of HealthTrust, Jean Herrick (general counsel) and Scott Roach (executive director), explained that New Hampshire hosts both assessable and non‑assessable pool models and emphasized reserve adequacy. Roach told the committee that proposed statutory targets of 12–16%…
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