TITLE 33 INSURANCE

Section 40. Risk Retention Groups, 33-40-1 through 33-40-21.

ARTICLE 4 LIQUIDATION PROCEEDINGS

33-40-16. Purchases by purchasing group.

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.

(Code 1981, §33-40-16, enacted by Ga. L. 1987, p. 875, § 1; Ga. L. 1992, p. 6, § 33.)