Section 27-46-14. – Rules and regulations.
§ 27-46-14. Rules and regulations. The commissioner may establish and amend any rules and/or regulations relating to risk retention groups as may be necessary or desirable to carry out the provisions of this chapter. History of Section.P.L. 1991, ch. 348, § 1.
Section 27-46-15. – Severability.
§ 27-46-15. Severability. If any clause, sentence, paragraph, section, or part of this chapter or the application of this chapter to any person or circumstances shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair, or invalidate the remainder of this chapter, and the […]
Section 27-46-10. – Purchasing group taxation.
§ 27-46-10. Purchasing group taxation. Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing groups shall be: (1) Imposed at the same rate and subject to the same interest, fines, and penalties as that applicable to premium […]
Section 27-46-11. – Administrative and procedural authority regarding risk retention groups and purchasing groups.
§ 27-46-11. Administrative and procedural authority regarding risk retention groups and purchasing groups. The commissioner is authorized to make use of any of the powers established under this title and any other pertinent section of law to enforce the laws of this state not specifically preempted by 15 U.S.C. § 3901 et seq., including the […]
Section 27-46-12. – Duty of agents or brokers or insurance producers to obtain license.
§ 27-46-12. Duty of agents or brokers or insurance producers to obtain license. (a) Risk retention groups. No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention group unless that person, firm, association, or corporation is licensed as […]
Section 27-46-13. – Binding effect of orders issued in U.S. district court.
§ 27-46-13. Binding effect of orders issued in U.S. district court. An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, upon a finding that […]
Section 27-46-4. – Risk retention groups not chartered in this state.
§ 27-46-4. Risk retention groups not chartered in this state. Risk retention groups chartered and licensed in states other than this state and seeking to do business as a risk retention group in this state shall comply with the laws of this state as follows: (1) Notice of operations and designation of commissioner as agent.(i) […]
Section 27-46-5. – Compulsory associations.
§ 27-46-5. Compulsory associations. (a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency fund, or similar mechanism, in this state, nor shall any risk retention group, or its insured or claimants against its insureds, receive any benefit from any such fund for claims arising under […]
Section 27-46-6. – Countersignatures not required.
§ 27-46-6. Countersignatures not required. A policy of insurance issued to a risk retention group or any member of that group shall not be required to be countersigned as otherwise provided in this title. History of Section.P.L. 1991, ch. 348, § 1.
Section 27-46-7. – Purchasing groups — Exemption from certain laws.
§ 27-46-7. Purchasing groups — Exemption from certain laws. A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purchasing group, from any law that would: (1) […]