A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.
History. Code 1981, § 33-40-16 , enacted by Ga. L. 1987, p. 875, § 1; Ga. L. 1992, p. 6, § 33.
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