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 comprised solely of insurance companies.
History. Code 1981, § 33-40-10 , enacted by Ga. L. 1987, p. 875, § 1.
Structure Georgia Code
Chapter 40 - Risk Retention Groups
§ 33-40-3. Risk Retention Groups Chartered in This State
§ 33-40-4. Risk Retention Groups Not Chartered in This State
§ 33-40-6. Unfair Trade Practices
§ 33-40-7. Financial Examination
§ 33-40-8. Notice Required in Policy
§ 33-40-10. Insurance Companies as Members
§ 33-40-11. Financially Impaired Nonresident Groups
§ 33-40-12. Georgia Insurers Insolvency Pool
§ 33-40-14. Federal Purchasing Groups
§ 33-40-15. Purchasing Group Requirements
§ 33-40-16. Purchases by Purchasing Group