There is hereby created a Market Assistance Association to assist in the placement of homeowners' and liability insurance coverage for residents of this state.
The Market Assistance Association is not a carrier capable of assuming insurance risks. While it is believed that the Association will be able to solve or at least reduce problems of availability, it has no power to guarantee successful conclusion of all assistance efforts and it is assumed that some risks may not be entitled to coverage.
Added by Laws 1986, c. 251, § 45, emerg. eff. June 13, 1986.