“Motor vehicle liability policy” shall mean a policy of liability insurance which provides:
I. Indemnity for or protection to the insured and any person responsible to the insured for the operation of the insured’s motor vehicle, trailer, or semi-trailer who has obtained possession or control thereof with the insured’s express or implied consent, against loss by reason of the liability to pay damages to others for damage to property, except property of others in charge of the insured or his or her employees, or bodily injuries, including death at any time resulting therefrom, accidentally sustained during the term of said policy by any person other than the insured, or employees of the insured actually operating the motor vehicle or such other persons who are entitled to payments or benefits under the provisions of any workers’ compensation act arising out of the ownership, operation, maintenance, control, or use within the limits of the United States of America, its territories or possessions, and the Dominion of Canada of such motor vehicle, trailer, or semi-trailer, to the amount or limit of at least $25,000 on account of injury to or death of any one person, and subject to such limit as respects injury or death of one person, of at least $50,000 on account of any one accident resulting in injury to or death of more than one person, and at least $25,000 for damage to property of others, as herein provided, or a binder pending the issuance of such a policy or an existing policy, as defined in N.H. Rev. Stat. § 264:14, N.H. Rev. Stat. § 264:18, and N.H. Rev. Stat. § 264:19.
II. Which further provides indemnity for or protection to the named insured, any relative of the named insured by marriage, blood, or adoption who is a resident of the same household, or any domestic servant acting within the scope of the employment of any such named or resident insured from liability as a result of accidents which occur within the limits of the United States of America, its territories or possessions, and the Dominion of Canada due to the operation of any motor vehicle, trailer, or semi-trailer not owned in whole or in part by such insured; provided, however, the insurance afforded under this paragraph applies only if no other valid and collectible insurance is available to the insured.
III. The coverages described in paragraphs I and II, except as to the minimum financial responsibility limits, shall not apply to any insured operator whose driver‘s license has been suspended or revoked if the applicable motor vehicle liability policy so provides. Coverage under N.H. Rev. Stat. § 264:15 or N.H. Rev. Stat. § 264:16 shall not apply to any insured operator whose driver’s license has been suspended or revoked if the applicable motor vehicle liability policy so provides.
IV. The minimum coverage requirements described in paragraphs I and II and in N.H. Rev. Stat. § 264:15 and N.H. Rev. Stat. § 264:16 shall not apply to any tractor with a farm tractor registration if an insured, at the insured’s election, purchases a liability policy other than a motor vehicle policy to cover the tractor.