Section 17B:32A-2 - Purpose; protection from hardshipa. The purpose of P.L. 1991, c.208 (C.17B:32A-1 et seq.) is to protect, subject to certain limitations, those persons specified in subsection a. of section 3 of P.L. 1991, c.208 (C.17B:32A-1 et seq.) from hardship because of the impairment or insolvency of any member insurer that issued the life, health, and annuity policies, plans or contracts specified in subsection b. of section 3 of P.L. 1991, c.208 (C.17B:32A-1 et seq.).b. To provide this protection, an association of member insurers is created to pay benefits and to continue coverages, as limited by P.L. 1991, c.208 (C.17B:32A-1 et seq.), and members of the association are subject to assessment to provide funds to carry out the purposes of P.L. 1991, c.208 (C.17B:32A-1 et seq.).Amended by L. 2022, c. 98, s. 1, eff. 8/12/2022.