§431:4-323  Revocation of authority. (a)  The commissioner shall revoke the authority of a domestic mutual insurerto extinguish the contingent liability of its members if:

(1)  At any time the insurer's assets are less thanthe sum of its liabilities and the surplus required for such authority, or

(2)  The insurer, by resolution of its directorsapproved by its members, requests that the authority be revoked.

(b)  Upon revocation of such authority for anycause, the insurer shall not thereafter issue any policies without contingentliability, nor renew any policies then in force without written endorsementthereon providing for contingent liability. [L 1987, c 347, pt of §2]