New Hampshire Risk Pool Manager Challenges $50M Refund Order

The New Hampshire Local Government Center is asking the state Supreme Court to reverse an administrative order that it refund $52 million to cities and towns it insures through its risk pool.

The 2012 order found the LGC was violating state law by collecting and retaining unnecessary surplus funds and directed LGC to return $52 million to the municipalities it covers.

LGC claims on appeal that the order infringes on its due process rights by imposing requirements not set out in law. The group claims it also interferes with its discretion to manage the funds in a prudent and efficient way.

Lawyers for the state say there are no grounds to reverse the order.