RSA 408-B:6 Creation of the Association.

I. There is created a nonprofit legal entity to be known as the New Hampshire life and health insurance guaranty association, which shall be the same association created under RSA 404-D:6. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under the plan of operation established and approved under RSA 408-B:10 and shall exercise its powers through a board of directors established under RSA 408-B:7. For purposes of administration and assessment, the association shall maintain 2 accounts:
(a) The life insurance and annuity account which includes the following subaccounts:
(1) Life insurance account;
(2) Annuity account, which shall includ