Section Ins 1703.13 - Joint Liability for Association Business(a) In the event that after receiving written demand from the board for payment of any assessment, any member fails, for any reason, to pay promptly its portion of any assessment, the board shall report such failure to the commissioner for appropriate action.(b) In the event that the assessment remains unpaid beyond 90 days the board shall increase the assessment of all remaining members in order to recover the amount of unpaid assessment. The increase in the assessment shall be computed on the basis of assessment established under Ins 1703.07 with the basis of sharing adjusted to exclude the net direct premiums of the member in default.N.H. Admin. Code § Ins 1703.13
#7112, eff 10-29-99; ss by #7409, eff 12-1-00, EXPIRED: 12-1-08
New. #9373, eff 1-30-09