§431:4-106.5 - Membership in mutual or subscriber in reciprocal insurers; no personal liability of representative.
§431:4-106.5 Membership in mutual or
subscriber in reciprocal insurers; no personal liability of representative.
Any person may make application to enter into agreement for and hold policies
or contracts in or with and be a member or subscriber of any domestic, foreign,
or alien mutual or reciprocal insurer. Any officer, representative, or
trustee, receiver, or legal representative of any such member or policyholder
shall be recognized as acting for or on its behalf for the purpose of such
contracts or membership, but shall not be personally liable upon the contract
by reason of acting in such representative capacity. [L 1989, c 195, §1]