No insurer shall issue or deliver any policy of insurance in New Hampshire covering liability claims for bodily injury, property damage, or wrongful acts , which shall contain any provision making the pre-payment of any judgment by the insured a condition precedent to recovering under the policy or maintaining any right of action against the insurer upon the policy. Every such policy shall contain an agreement in clear and explicit terms binding the insurer, to the extent of the liability assumed by the policy, to pay and satisfy any such judgment, and to protect the insured against the levy of any execution issued upon the same.