5906 – Security Funds and Compulsory Associations.
§ 5906. Security funds and compulsory associations. (a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency security fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds receive any benefit from any such fund […]
5907 – Purchasing Groups; Exemption From Certain Laws.
§ 5907. Purchasing groups; exemption from certain laws. A purchasing group and its insurer shall be subject to all applicable laws of this state, except that a purchasing group and its insurer shall be exempt, in regard to liability insurance for the purchasing group and any of its members, from any law that would: (a) […]
5908 – Notice and Registration Requirements of Purchasing Groups.
§ 5908. Notice and registration requirements of purchasing groups. (a) A purchasing group which intends to do business in this state shall, prior to doing such business, furnish notice of such intention to the superintendent. This notice shall include the following information: (1) the state in which the group is domiciled; (2) the principal place […]