CHAPTER 33.  INSURANCE.

ARTICLE 32. RISK RETENTION ACT.

§33-32-10. Prohibited acts regarding solicitation or sale.

The following acts by a risk retention group are hereby prohibited:

(1) The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and

(2) The solicitation or sale of insurance by, or operation of, a risk retention group that is in a hazardous financial condition or is financially impaired.

Bill History For §33-32-10

1987 Regular Session
HB2970