Title XIII, COMMERCE (Ch. 505 - 554I)

An order issued by a 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 such a group is in a hazardous…

The commissioner may establish and from time to time amend rules relating to risk retention groups as necessary or desirable to carry out the provisions of this chapter . 88 Acts, ch 1111, §15

As used in this chapter , unless the context otherwise requires: 1. “Commissioner” means the commissioner of insurance or the commissioner, director, superintendent of insurance, or similar public official, in any other state. 2. a. “Completed operations liability” means liabilit…

1. To be organized as a risk retention group in this state, the group must be organized and licensed as a liability insurance company authorized by the insurance laws of this state. Except as provided elsewhere in this chapter , a risk retention group organized in this state must…

1. A risk retention group that is organized under the laws of any other state for the purpose of writing insurance, as authorized by this chapter , may redomesticate to this state by doing all of the following: a. Complying with section 490.905 . b. Complying with all of the requ…

Risk retention groups chartered in other states and seeking to do business as a risk retention group in this state must observe and abide by the laws of this state as provided in this section . However, a risk retention group failing to qualify under the definitional requirement …

A risk retention group shall not join or contribute financially to an insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall a risk retention group, or its insureds, receive any benefit from an insurance insolvency guaranty fund, or similar mechanism, …

A purchasing group which meets the criteria established under the federal Act is exempt from any law of this state relating to the creation of groups for the purchase of insurance, the prohibition of group purchasing, or any law that would discriminate against a purchasing group …

1. A purchasing group which intends to do business in this state shall, prior to doing business, furnish notice to the commissioner which notice shall include all of the following: a. The state in which the group is domiciled and all states in which the group does or intends to d…

A purchasing group shall not purchase insurance from an insurer not admitted in this state unless the purchase is effected through a duly licensed insurance producer acting pursuant to chapter 515I . 88 Acts, ch 1111, §10 ; 90 Acts, ch 1234, §44 ; 2007 Acts, ch 152, §81 ; 2012 Ac…