Can I offer contests that involve referral bonuses in New Hampshire? What are the requirements?

Referral Bonuses in New Hampshire

In New Hampshire, offering contests that involve referral bonuses is generally allowed. However, there are certain requirements that must be met.

According to NHCAR Ins 3602.04, insurers offering long-term care coverage under the New Hampshire long-term care partnership program must offer, on a one-time basis, the option to exchange existing long-term care coverage for a New Hampshire partnership policy or certificate. This notice must be given to policyholders by written notice, and the policyholder must be given up to 90 calendar days from the date of the notice to make their intention to exchange known to the insurance company.

While this regulation specifically applies to long-term care coverage, it is possible that similar requirements may apply to other types of insurance or referral programs. It is recommended that you consult with a legal professional to ensure that your referral program complies with all applicable regulations.

Conclusion

In general, offering contests that involve referral bonuses is allowed in New Hampshire. However, it is important to ensure that any such program complies with all applicable regulations. If you have any questions or concerns, it is recommended that you consult with a legal professional.

Jurisdiction

New Hampshire

• Gaming