Codified Laws

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58-6A-1      Definition of terms.
58-6A-2      Charter and license of risk retention group--Approval of plan of operation or feasibility study--Revision of plan or study--Notice to National Association of Insurance Commissioners.
58-6A-3      Information submitted to director.
58-6A-3.1      Majority of risk retention group directors to be independent--Board determinations as to material relationship.
58-6A-3.2      Criteria of material relationship.
58-6A-3.3      Material service provider contracts.
58-6A-3.4      Notice to director of intent to enter into service provider contract meeting criteria of material relationship.
58-6A-3.5      Written policy in plan of operation.
58-6A-3.6      Members of audit committee.
58-6A-3.7      Purpose of audit committee.
58-6A-3.8      Waiver of audit committee requirement.
58-6A-3.9      Governance standards.
58-6A-3.10      Code of business conduct and ethics.
58-6A-3.11      Notice to director of noncompliance with standards.
58-6A-3.12      Application of ยงยง 58-6A-1 to 58-6A-3.11.
58-6A-4      Financial information submitted to director.
58-6A-5      Taxation of premiums--Payment by insurance producers or brokers--Payment by risk retention group--Report of premiums.
58-6A-5.1      Rate of taxation on premiums--Interest, fines and penalties--Payment.
58-6A-6      Compliance with Unfair Trade Practices Act.
58-6A-7      Compliance with laws regarding deceptive, false, or fraudulent acts or practices--Injunction.
58-6A-8      Examination by director.
58-6A-9      Notice contained on policy--Contents.
58-6A-10      Prohibited acts by risk retention group.
58-6A-11      Insurance company as member or owner.
58-6A-12      Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired.
58-6A-13      Financial contribution to or benefit from insurance insolvency guaranty fund prohibited.
58-6A-14      Countersignature on policy not required.
58-6A-15      Prohibited insurance coverage.
58-6A-16      Repealed.
58-6A-16.1      Exemptions for purchasing group and insurer in regard to liability insurance--Subject to other laws.
58-6A-17      Notice to director--Contents.
58-6A-17.1      Notice to director of changes.
58-6A-17.2      Information required by director--Time for giving notice and information.
58-6A-18      Designation of director as agent for purchasing group--Exceptions.
58-6A-19      Repealed.
58-6A-19.1      Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception.
58-6A-19.2      Notice of unprotected risk when liability insurance obtained from insurer not admitted in this state or risk retention group.
58-6A-19.3      Purchase of insurance providing for deductible or self-induced retention applicable to whole group prohibited--Application to individuals allowed--Aggregate limits standards.
58-6A-19.4      Insurance producer or broker license required for purchasing liability insurance from risk retention group.
58-6A-19.5      Insurance producer or broker license required to solicit liability insurance for purchasing group from insurer or risk retention group.
58-6A-19.6      Insurance producer or broker license required to solicit liability insurance for member of purchasing group.
58-6A-19.7      Surplus lines producer or excess line producer license required to solicit liability insurance from unauthorized insurer for purchasing group.
58-6A-20      Director's use of enforcement powers--Injunctive authority.
58-6A-21      Penalty for violation.
58-6A-22      Broker license--Waiver of residency requirements.
58-6A-23      Enforcement of injunction against risk retention group in hazardous financial condition.
58-6A-24      Promulgation of rules.

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