N.H. Admin. Code § Ins 1702.02

Current through Register No. 50, December 12, 2024
Section Ins 1702.02 - Termination of Participation

A member may terminate membership in the association as of the close of the fiscal year of the association in which its authority to write the insurance as described in Ins 1702.02 is terminated. With respect to all policies in force on the effective date of a member's termination, the liability of the terminating member shall cease on the succeeding anniversary date of each such policy. Termination of membership shall not discharge or otherwise affect liabilities incurred prior to the anniversary date of such policies, and the member shall be charged or credited in due course with its proper share of all expenses, losses and profits allocable thereto.

N.H. Admin. Code § Ins 1702.02

#1900, eff 1-1-82; amd by #3161 Emergency, eff 12-20-85; amd by #4099, eff 7-23-86; ss by #4287, eff 7-1-87; amd by #4758, eff 2-8-90; ss by #5654, eff 7-1-93; ss by #7032, INTERIM, eff 7-1-99, EXPIRES: 10-29-99; ss by #7112, eff 10-29-99; ss by #7409, eff 12-1-00, EXPIRED: 12-1-08

New. #9373, eff 1-30-09