§431:16-102 Purpose. The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and, to the extent provided in this part, to minimize financial loss to claimants or policyholders because of the insolvency of an insurer. [L 1987, c 347, pt of §2; am L 2000, c 93, §1]
Case Notes
Insurer which was never a member of insurance association, was not regulated by the insurance commissioner, nor subject to examination of its financial condition was not an authorized insurer. 70 H. 406, 772 P.2d 1193.
Section: Previous 431-15-406 431-15-407 431-15-408 431-15-409 431-15-410 431-15-411 431-16-101 431-16-102 431-16-103 431-16-104 431-16-105 431-16-106 431-16-107 431-16-108 431-16-109 NextLast modified: October 27, 2016