58-6A-3.4. Notice to director of intent to enter into service provider contract meeting criteria of material relationship.
No service provider contract meeting the criteria of material relationship contained in §58-6A-3.2 may be entered into unless the risk retention group has notified the director in writing of the risk retention group's intention to enter into the contract at least thirty days before entering into the transaction and the director has not disapproved the contract within that period.
Source: SL 2016, ch 232, §6.