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2016 Statute



Prev Article 41. - RISK RETENTION AND PURCHASING GROUPSNext


40-4117.Purchase of insurance through surplus lines agent or broker required, when. 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: L. 1987, ch. 172, § 8; April 30.



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