There is created a nonprofit unincorporated legal entity to be known as the New Hampshire Insurance Guaranty Association, that shall be the same association created under RSA 404-B:6. All insurers defined as member insurers in RSA 404-H:5, XI 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 a plan of operation established and approved under RSA 404-H:9 and shall exercise its powers through a board of directors established under RSA 404-H:7. For purposes of administration and assessment, the association shall be divided into 3 separate accounts:
I. The workers' compensation insurance account;
II. The automobile insurance account; and
III. The account of all other insurance to which this chapter applies.