Chapter 6A - RISK RETENTION GROUPS

Section 58-6A-1 - Definition of terms
Section 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
Section 58-6A-3 - Information submitted to director
Section 58-6A-3.1 - Majority of risk retention group directors to be independent-Board determinations as to material relationship
Section 58-6A-3.2 - Criteria of material relationship
Section 58-6A-3.3 - Material service provider contracts
Section 58-6A-3.4 - Notice to director of intent to enter into service provider contract meeting criteria of material relationship
Section 58-6A-3.5 - Written policy in plan of operation
Section 58-6A-3.6 - Members of audit committee
Section 58-6A-3.7 - Purpose of audit committee
Section 58-6A-3.8 - Waiver of audit committee requirement
Section 58-6A-3.9 - Governance standards
Section 58-6A-3.10 - Code of business conduct and ethics
Section 58-6A-3.11 - Notice to director of noncompliance with standards
Section 58-6A-3.12 - Application of sections 58-6A-1 to 58-6A-311
Section 58-6A-4 - Financial information submitted to director
Section 58-6A-5 - Taxation of premiums-Payment by insurance producers or brokers-Payment by risk retention group-Report of premiums
Section 58-6A-5.1 - Rate of taxation on premiums-Interest, fines and penalties-Payment
Section 58-6A-6 - Compliance with Unfair Trade Practices Act
Section 58-6A-7 - Compliance with laws regarding deceptive, false, or fraudulent acts or practices-Injunction
Section 58-6A-8 - Examination by director
Section 58-6A-9 - Notice contained on policy-Contents
Section 58-6A-10 - Prohibited acts by risk retention group
Section 58-6A-11 - Insurance company as member or owner
Section 58-6A-12 - Compliance with voluntary dissolution or delinquency order by group not chartered if financially impaired
Section 58-6A-13 - Financial contribution to or benefit from insurance insolvency guaranty fund prohibited
Section 58-6A-14 - Countersignature on policy not required
Section 58-6A-15 - Prohibited insurance coverage
Section 58-6A-16 - [Repealed]
Section 58-6A-16.1 - Exemptions for purchasing group and insurer in regard to liability insurance-Subject to other laws
Section 58-6A-17 - Notice to director-Contents
Section 58-6A-17.1 - Notice to director of changes
Section 58-6A-17.2 - Information required by director-Time for giving notice and information
Section 58-6A-18 - Designation of director as agent for purchasing group-Exceptions
Section 58-6A-19 - [Repealed]
Section 58-6A-19.1 - Purchase from risk retention group not chartered or insurer not admitted in state prohibited-Exception
Section 58-6A-19.2 - Notice of unprotected risk when liability insurance obtained from insurer not admitted in this state or risk retention group
Section 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
Section 58-6A-19.4 - Insurance producer or broker license required for purchasing liability insurance from risk retention group
Section 58-6A-19.5 - Insurance producer or broker license required to solicit liability insurance for purchasing group from insurer or risk retention group
Section 58-6A-19.6 - Insurance producer or broker license required to solicit liability insurance for member of purchasing group
Section 58-6A-19.7 - Surplus lines producer or excess line producer license required to solicit liability insurance from unauthorized insurer for purchasing group
Section 58-6A-20 - Director's use of enforcement powers-Injunctive authority
Section 58-6A-21 - Penalty for violation
Section 58-6A-22 - Broker license-Waiver of residency requirements
Section 58-6A-23 - Enforcement of injunction against risk retention group in hazardous financial condition
Section 58-6A-24 - Promulgation of rules