§431:4-106.5 Membership in mutual or subscriber in reciprocal insurers; no personal liability of representative. Any person may make application to enter into agreement for and hold policies or contracts in or with and be a member or subscriber of any domestic, foreign, or alien mutual or reciprocal insurer. Any officer, representative, or trustee, receiver, or legal representative of any such member or policyholder shall be recognized as acting for or on its behalf for the purpose of such contracts or membership, but shall not be personally liable upon the contract by reason of acting in such representative capacity. [L 1989, c 195, §1]
Section: Previous 431-3a-504 431-4-101 431-4-102 431-4-103 431-4-104 431-4-105 431-4-106 431-4-106.5 431-4-107 431-4-108 431-4-109 431-4-110 431-4-111 431-4-112 431-4-113 NextLast modified: October 27, 2016