§9674 Purchasing groups

Summary

Lets purchasing groups buy pollution liability insurance and related coverage without being blocked by many state rules. States cannot ban a purchasing group or stop insurers from offering the group better rates or terms based on the group’s loss history. States also cannot bar the group from buying insurance because it or its members are too new, require a minimum size, ownership tie, or legal form, force a certain share of members to join, demand a policy be countersigned by a local agent, or otherwise treat the group unfairly. These exemptions cover pollution liability and related general liability coverage, and the sale of those policies, insurance-related services, and management services to the group or its members. A State may require agents or brokers for a purchasing group to have a state license, but the State may not impose rules that discriminate against out-of-state agents or brokers.