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Yes if $G$ is connected and simply connected, since in that case there is a one to one correspondence between Lie group homomorphisms $G\to H$ and Lie algebra homomorphisms $\mathfrak g \to \mathfrak h$. Since a representation of $\mathfrak g$ is just a Lie algebra homomorphism $\mathfrak g \to \mathfrak{gl}(V)$, your desired result follows.

EDIT: I'm assuming $V$ is finite dimensional.

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Yes if $G$ is connected and simply connected, since in that case there is a one to one correspondence between Lie group homomorphisms $G\to H$ and Lie algebra homomorphisms $\mathfrak g \to \mathfrak h$. Since a representation of $\mathfrak g$ is just a Lie algebra homomorphism $\mathfrak g \to \mathfrak{gl}(V)$, your desired result follows.