§431:4-416  Subscriber's liability. (a)  The liability of each subscriber subject to assessment for the obligationsof the reciprocal insurer shall not be joint, but shall be individual andseveral.

(b)  Each subscriber who is subject toassessment shall have a contingent assessment liability, in the amount providedfor in the power of attorney or in the subscribers' agreement, for payment ofactual losses and expenses incurred while the subscriber's policy was inforce.  The contingent liability may be at the rate of not less than one normore than ten times the premium or premium deposit stated in the policy, andthe maximum aggregate thereof shall be computed in the manner set forth insection 431:4-418.

(c)  Each assessable policy issued by the insurershall plainly set forth a statement of contingent liability. [L 1987, c 347, ptof §2]