RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS.

  1. Law
  2. Idaho Code
  3. INSURANCE
  4. RISK RETENTION GROUPS
  5. RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS.

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41-4810. RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state, nor 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:

[41-4810, added 1987, ch. 140, sec. 1, p. 281.]


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