TITLE 41

INSURANCE

CHAPTER 48

RISK RETENTION GROUPS

41-4810.  Restrictions on insurance purchased by purchasing groups. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state, nor from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.

History:

[41-4810, added 1987, ch. 140, sec. 1, p. 281.]