RSA 404-B:5 Definitions.

As used in this chapter:
I. "Account" means any one of the 3 accounts created by RSA 404-B:6.
II. "Association" means the New Hampshire Insurance Guaranty Association created under RSA 404-B:6.
III. "Commissioner" means the commissioner of insurance of this state.
IV. "Covered claim" means a net unpaid claim, in excess of $50 (after application of all deductions or commissions as provided for by any contract of insurance) including one for unearned premiums, which arises out of and is within coverage and not in excess of the applicable limits of an insurance policy to which this chapter applies issued by an insurer, if such insurer after the effective date of this chapter is declared insolvent by the superior court, and (a) the claimant or insured is a reside