§431:4-124  Prohibited guaranty.  No
domestic insurer or its affiliates or subsidiaries shall guarantee the
financial obligation of any director or officer of such insurer or affiliate or
subsidiary in the director's or officer's personal capacity, and any such
guaranty attempted shall be void.  This prohibition shall not apply to
obligations of the insurer under surety bonds or insurance contracts issued in
the regular course of business. [L 1987, c 347, pt of §2]