RSA 404-D:6 · Creation of the Association

404-D:6 Creation of the Association. –

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I.

There is created a nonprofit legal entity to be known as the New Hampshire life and health insurance guaranty association. All member insurers 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 the plan of operation established and approved under RSA 404-D:10 and shall exercise its powers through a board of directors established under RSA 404-D:7. For purposes of administration and assessment, the association shall maintain 3 accounts:

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(a)

The health insurance account;

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(b)

The life insurance account; and

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(c)

The annuity account.

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II.

The association shall come under the immediate supervision of the commissioner and shall be subject to the applicable provisions of the insurance laws of this state. Source. 1971, 509:1, eff. Sept. 4, 1971.

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