§431:10G-103  Motorcycle or motor scooterself-insurance.  The motorcycle or motor scooter insurance required bysection 431:10G-102 may be satisfied by any owner of a motorcycle or motorscooter if:

(1)  Such owner provides proof of qualifications as aself-insurer, and a surety bond or other securities affording securitysubstantially equivalent to that afforded under a policy meeting therequirements of section 431:10G-301 and providing coverage at all times for theentire motorcycle or motor scooter registration period, as determined andapproved by the commissioner under rules; and

(2)  The commissioner is satisfied that in case ofinjury, death, or property damage, any claimant would have the same rightsagainst such owner as the claimant would have had if a policy meeting therequirements of section 431:10G-301 had been applicable to such motorcycle ormotor scooter. [L 1989, c 208, pt of §1]