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 27-46-6. – 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) […]
Section 27-46-8. – Notice and registration requirements of purchasing groups.
§ 27-46-8. Notice and registration requirements of purchasing groups. (a) A purchasing group which intends to do business in this state shall, prior to doing business, furnish notice to the commissioner which shall: (1) Identify the state in which the group is domiciled; (2) Identify all other states in which the group intends to do […]
Section 27-46-9. – Restrictions on insurance purchased by purchasing groups.
§ 27-46-9. Restrictions on insurance purchased by purchasing groups. (a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or 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 […]
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 […]