The purpose of this chapter is to regulate the formation and the operation of risk retention groups and purchasing groups in this state formed pursuant to the federal Liability Risk Retention Act of 1986, to the extent permitted by federal law. This chapter shall be known and may be cited as the "Alabama Risk Retention Act."
Structure Code of Alabama
Chapter 31A - Risk Retention Act.
Section 27-31A-1 - Short Title and Purpose.
Section 27-31A-2 - Definitions.
Section 27-31A-3 - Risk Retention Groups Chartered in This State.
Section 27-31A-3.1 - Risk Retention Groups to Comply With Governance Standards.
Section 27-31A-4 - Risk Retention Groups Not Chartered in This State.
Section 27-31A-5 - Compulsory Associations.
Section 27-31A-6 - Countersignatures Not Required.
Section 27-31A-7 - Purchasing Groups - Exemption From Certain Laws.
Section 27-31A-8 - Notice and Registration Requirements of Purchasing Groups.
Section 27-31A-9 - Restrictions on Insurance Purchased by Purchasing Groups.
Section 27-31A-10 - Purchasing Group Taxation.
Section 27-31A-12 - Duty of Producers to Obtain License.
Section 27-31A-13 - Binding Effect of Orders Issued in u.s. District Court.