§33-32-15. 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.
§33-32-16. Purchasing Groups; Exemption From Certain Laws Relating to the Group Purchase of Insurance
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) Prohibit the establishment of a purchasing group;
§33-32-17. 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, on forms prescribed by the national association of Insurance Commissioners, which such forms shall: (1) Identify the state in which the group is domiciled;
§33-32-8. Examination Regarding Financial Condition
Any risk retention group must submit to an examination by the commissioner to determine its financial condition if the commissioner of the jurisdiction in which the group is chartered has not initiated an examination or does not initiate an examination within sixty days after a request by the commissioner of this state. Any such examination […]
§33-32-9. Notice to Purchasers
Every application form for insurance from a risk retention group and any policy issued by a risk retention group shall contain in ten-point type on the front page and the declaration page, the following notice: NOTICE This policy is issued by your risk retention group. Your risk retention group may not be subject to all […]
§33-32-10. Prohibited Acts Regarding Solicitation or Sale
The following acts by a risk retention group are hereby prohibited: (1) The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and
§33-32-11. Prohibition on Ownership by an Insurance Company
No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.
§33-32-3. Charter and License Requirements for Domestic Groups
(a) A risk retention group shall, pursuant to the provisions of article five of this chapter, be chartered and licensed to write only liability insurance pursuant to this article and, except as provided elsewhere in this article, shall comply with all of the laws, rules and requirements applicable to insurers chartered and licensed in this […]
§33-32-4. Risk Retention Groups Not Chartered in This State
(a) Risk retention groups chartered in states other than this state and seeking to do business as a risk retention group in this state must observe and abide by the laws of this state. (b) Before offering insurance in this state, a risk retention group shall submit the following information to the commissioner on a […]
§33-32-5. Tax on Premiums Collected
(a) Each risk retention group shall pay to the commissioner, annually on March 1, a tax at the rate of two percent of the taxable premiums on policies or contracts of insurance covering property or risks in this state and on risk and property situated elsewhere upon which no premium tax is otherwise paid during […]