§431:4-417 Subscriber's liability on judgments. (a) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty days.
(b) Any such judgment, or any judgment against the insurer based upon legal process served in compliance with section 431:2-206, shall be binding upon each of the insurer's subscribers only in such proportion as the subscriber's interests may appear and in an amount not exceeding the subscriber's contingent liabilities. [L 1987, c 347, pt of §2]
Section: Previous 431-4-410 431-4-411 431-4-412 431-4-413 431-4-414 431-4-415 431-4-416 431-4-417 431-4-418 431-4-419 431-4-420 431-4-421 431-4-422 431-4-423 431-4-424 NextLast modified: October 27, 2016