[§431:10C-604] Issuance of certificate of self-insurance. The commissioner shall issue a certificate of self-insurance if:
(1) The applicant has provided the bond, cash, or securities and proof of qualification as a self-insurer affording security substantially equivalent to that afforded under a motor vehicle insurance policy; and
(2) The commissioner is satisfied that in case of injury, death, or property damage, any claimant would have the same rights against the self-insurer as the claimant would have had if a motor vehicle insurance policy was applicable. [L 2000, c 24, pt of §3]
Section: Previous 431-10c-410 431-10c-411 431-10c-412 431-10c-501-to-504 431-10c-601 431-10c-602 431-10c-603 431-10c-604 431-10c-605 431-10c-606 431-10c-607 431-10c-608 431-10d-101 431-10d-102 431-10d-103 NextLast modified: October 27, 2016