Purchasing Group and Insurers Subject to Laws of This State — Exemptions

1. Law
2. Tennessee Code
3. Insurance
4. Risk Retention Groups and Purchasing Groups
5. Purchasing Group and Insurers Subject to Laws of This State — Exemptions

A purchasing group and its insurer or insurers are subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers are exempt, in regard to liability insurance for the purchasing group, from any law that would:

1. Prohibit the establishment of a purchasing group;
2. Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages or other matters;
3. Prohibit a purchasing group or its members from purchasing insurance on a group basis described in subdivision (2);
4. Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;
5. Require that a purchasing group have a minimum number of members, common ownership or affiliation, or certain legal form;
6. Require that a certain percentage of a purchasing group obtain insurance on a group basis;
7. Otherwise discriminate against a purchasing group or any of its members; or
8. Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state.

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