Section 404-H:6 Creation of the Association. - New-hampshire Statutes

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER404-H > 404-H-6

There is created a nonprofit unincorporated legal entity to be known as the New Hampshire Insurance Guaranty Association, that shall be the same association created under RSA 404-B:6. All insurers defined as member insurers in RSA 404-H:5, XI shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under RSA 404-H:9 and shall exercise its powers through a board of directors established under RSA 404-H:7. For purposes of administration and assessment, the association shall be divided into 3 separate accounts:
   I. The workers' compensation insurance account;
   II. The automobile insurance account; and
   III. The account of all other insurance to which this chapter applies.

Source. 2004, 197:1, eff. Aug. 6, 2004.

State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER404-H > 404-H-6

There is created a nonprofit unincorporated legal entity to be known as the New Hampshire Insurance Guaranty Association, that shall be the same association created under RSA 404-B:6. All insurers defined as member insurers in RSA 404-H:5, XI shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under RSA 404-H:9 and shall exercise its powers through a board of directors established under RSA 404-H:7. For purposes of administration and assessment, the association shall be divided into 3 separate accounts:
   I. The workers' compensation insurance account;
   II. The automobile insurance account; and
   III. The account of all other insurance to which this chapter applies.

Source. 2004, 197:1, eff. Aug. 6, 2004.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-hampshire > TITLEXXXVII > CHAPTER404-H > 404-H-6

There is created a nonprofit unincorporated legal entity to be known as the New Hampshire Insurance Guaranty Association, that shall be the same association created under RSA 404-B:6. All insurers defined as member insurers in RSA 404-H:5, XI shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under RSA 404-H:9 and shall exercise its powers through a board of directors established under RSA 404-H:7. For purposes of administration and assessment, the association shall be divided into 3 separate accounts:
   I. The workers' compensation insurance account;
   II. The automobile insurance account; and
   III. The account of all other insurance to which this chapter applies.

Source. 2004, 197:1, eff. Aug. 6, 2004.