PART IV. 
JOINT UNDERWRITING PLAN



 



Subpart A. 
Participation and Administration



 



§431:10C-401  Participation.  (a)  A
joint underwriting plan is established consisting of all insurers authorized to
write and engage in writing motor vehicle insurance in this State, except those
insurers writing motor vehicle insurance exclusively under section 431:10C-106.



(b)  Each insurer shall be a member of the plan
and shall maintain membership as a condition of its licensure to transact such
insurance in this State. [L 1987, c 347, pt of §2; am L 1989, c 195, §36]