§431:21-107  Coverage eligibility.  (a)  After consultation with representatives of the United States Geological Survey, the state department of defense, and the county in which the area is located, the commissioner shall designate the geographical area eligible for coverage in lava zones 1 and 2 through the association.  Those properties in the designated area that meet the standards set forth in the plan of operation shall be provided insurance through the association.

     For the purposes of this subsection, "lava zones 1 and 2" means the two zones designated on the United States Geological Survey's lava flow hazard zone map that are the most hazardous and includes volcanic vents in the summits and rift zones of the two most active volcanoes within the State.

     (b)  A condominium association registered under chapter 514B, part VI, having an insurable interest in real or tangible property that is a condominium that is subject to this chapter, located within the State, and that meets the criteria and requirements set forth in the plan of operation, may be provided property insurance through the association.

     (c)  Additional insurance coverages may be provided statewide, including but not limited to single-family residences, townhouses, or any other categories of property for which the insurance market is experiencing a failure of the casualty and property insurance market, as determined by the association and approved by the commissioner. [L 1991, c 284, pt of §2; am L 2025, c 296, §5]