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Nottingham Select Board votes to support House Bill 1491 on municipal risk pools
Summary
The Select Board approved a resolution urging passage of New Hampshire House Bill 1491, which would create a regulatory framework for certain municipal insurance risk‑pool models; board voted in favor by voice.
The Nottingham Select Board voted during its June 1 meeting to sign a resolution expressing support for House Bill 1491, legislation the resolution described as providing a statutory framework to allow non‑assessible municipal risk pools to operate under the oversight of the New Hampshire Department of Insurance.
The resolution, read aloud at the meeting, said the bill would set standards for governance, financial reporting, solvency and fiduciary responsibility, and would preserve municipal choice between accessible and non‑assessible pool structures. The board moved to sign the resolution and members voted in favor by voice; a motion and second were recorded and the board indicated unanimous assent on the voice vote.
Town attendees identified the resolution as a way to protect municipalities from mid‑year assessments and to promote predictable budgeting. The resolution will be transmitted to the governor’s office, the town’s legislative delegation and appropriate state officials, as the text states.
Next steps: staff will transmit copies of the signed resolution to state officials as described in the resolution text.
