§431:4-420 Time limit for assessment. Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay the subscriber's share of any assessment, as computed and limited in accordance with this part if:
(1) While the subscriber's policy is in force or within one year after its termination, the subscriber is notified by either the attorney or the commissioner of the attorney's or the commissioner's intentions to levy such assessment, or
(2) If an action to have a receiver, conservator, rehabilitator, or liquidator of the insurer appointed is commenced pursuant to article 15 while the subscriber's policy is in force or within one year after its termination. [L 1987, c 347, pt of §2]
Revision Note
Subsection designation deleted.
Section: Previous 431-4-413 431-4-414 431-4-415 431-4-416 431-4-417 431-4-418 431-4-419 431-4-420 431-4-421 431-4-422 431-4-423 431-4-424 431-4-425 431-4-501 431-4-502 NextLast modified: October 27, 2016