The New Hampshire Insurance Department (NHID) published a news release highlighting their notable financial and regulatory achievements in 2024, including consumer recoveries, general fund contributions, and licensing growth.
NHID secured over $164 million for the General Fund in 2024–$138 million of which came from premium taxes and $26 million from fees and fines. Premium taxes largely came from admitted carriers, contributing over $129 million, with $8.6 million coming from non-admitted premium tax. For fees and fines, $19 million came from producer licensing, almost $5 million from adjuster licensing, and $2 million from other fees.
The Consumer Services Unit processed 1,153 consumer complaint investigations and addressed 3,906 assistance requests, leading to a recovery of over $6.4 million for New Hampshire consumers. P&C recoveries totaled $4.6 million, Life & Health $1.5 million, and almost $250,000 from external health review recoveries.
NHID’s Licensing Unit processed a large number of applications during the year, leading to a total of 245,656 active licenses in the state. 237,348 of these are individual and 8,308 are business entity licensees.
The news release can be found here.