Section 404-D:6 - Creation of the AssociationI.There is created a nonprofit legal entity to be known as the New Hampshire life and health insurance guaranty association. 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 404-D:10 and shall exercise its powers through a board of directors established under RSA 404-D:7. For purposes of administration and assessment, the association shall maintain 3 accounts: (a) The health insurance account;(b) The life insurance account; andII.The association shall come under the immediate supervision of the commissioner and shall be subject to the applicable provisions of the insurance laws of this state. 1971, 509:1, eff. Sept. 4, 1971.