New Hampshire Statutes
§ 404-B:2 — Purpose
The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.
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Legislative History
1970, 37:3, eff. May 4, 1970.
Nearby Sections
15
§ 404-B:1
Title§ 404-B:10
Duties and Powers of the Commissioner§ 404-B:11
Effect of Paid Claims§ 404-B:12
Nonduplication of Recovery§ 404-B:13
Prevention of Insolvencies§ 404-B:14
Examination of the Association§ 404-B:15
Tax Exemption§ 404-B:16
Recognition of Assessments in Rates§ 404-B:17
Immunity§ 404-B:2
Purpose§ 404-B:3
Scope§ 404-B:4
Construction§ 404-B:5
Definitions§ 404-B:6
Creation of the Association