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 27-46-1. – Purpose.
§ 27-46-1. Purpose. The purpose of this chapter is to regulate the formation and/or operation of risk retention groups and purchasing groups in this state formed pursuant to the provisions of 15 U.S.C. § 3901 et seq., to the extent permitted by that law. History of Section.P.L. 1991, ch. 348, § 1.
Section 27-46-2. – Definitions.
§ 27-46-2. Definitions. As used in this chapter: (1) “Commissioner” means the director of the department of business regulation or the commissioner, director, or superintendent of insurance in any other state; (2) “Completed operations liability” means liability arising out of the installation, maintenance, or repair of any product at a site which is not owned […]
Section 27-46-3. – Risk retention groups chartered in this state.
§ 27-46-3. Risk retention groups chartered in this state. (a) A risk retention group shall be, pursuant to the provisions of this title, chartered and licensed to write only liability insurance pursuant to this chapter and, except as provided in this chapter, must comply with all of the laws, rules, regulations, and requirements applicable to […]