58-6A-19.1. Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception.
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/sd/title-58/chapter-58-6/58-6a-19-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 insurance producer acting pursuant to the surplus lines laws and regulations of such state.