CHAPTER 33.  INSURANCE.

ARTICLE 32. RISK RETENTION ACT.

§33-32-11. Prohibition on ownership by an insurance company.

No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.

Bill History For §33-32-11

1987 Regular Session
HB2970