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



(b)  Each subscriber who is subject to
assessment shall have a contingent assessment liability, in the amount provided
for in the power of attorney or in the subscribers' agreement, for payment of
actual losses and expenses incurred while the subscriber's policy was in
force.  The contingent liability may be at the rate of not less than one nor
more than ten times the premium or premium deposit stated in the policy, and
the maximum aggregate thereof shall be computed in the manner set forth in
section 431:4-418.



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