State Moves To Strip Former LGC Insurance Pool Of Nonprofit Status

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Despite a long-awaited state Supreme Court ruling, the legal wrangling between the state and the former Local Government Center continues. This time, the focus is on the HealthTrust risk pool, which insures roughly 50,000 municipal and school district employees in New Hampshire.

Motion, Counter-Motion -

For several years, the former LGC and the state have been in pitched battle. Much of that has been a series of arcane motions and counter-motions, covered by thick layers of legalese. (We’ve posted a primer here.) Earlier this month, the Bureau of Securities Regulation filed a motion to strip HealthTrust of its status “as a pooled risk management program under RSA 5- B.”

This NHPR article features Bernstein Shur Attorney Andru Volinsky.

Please see full Article below for more information.

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Topics:  Insurance Risk Pool, Non-Profits

Published In: Insurance Updates, Nonprofits Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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