Section 405-A:4 Compulsory Associations.
I. No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the insurance policies issued by such risk retention group.
II. When a purchasing group obtains insurance covering its members' risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever resident or located, shall be covered by any insurance guaranty fund or similar mechanism in this state.
III. When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in this state shall be covered by the fund administered by the New Hampshire Insurance Guaranty Association established in RSA 404-B.
IV. A risk retention group shall participate in this state's joint underwriting associations and mandatory liability pools as authorized by RSA 404-C.
Source. 1988, 133:2, eff. April 20, 1988.