§431:16-113 Prevention of insolvencies. To aid in the detection and prevention of insurer insolvencies:
(1) The board of directors, upon majority vote, may make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency; and
(2) At the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, the board of directors may prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit the report to the commissioner. [L 1987, c 347, pt of §2; am L 2000, c 93, §12]
Section: Previous 431-16-106 431-16-107 431-16-108 431-16-109 431-16-110 431-16-111 431-16-112 431-16-113 431-16-114 431-16-115 431-16-116 431-16-117 431-16-201 431-16-202 431-16-204 NextLast modified: October 27, 2016