31A-15-209. Restrictions on purchasing groups.
(1) A purchasing group which obtains liability insurance from an insurer not admitted in
this state or from a risk retention group shall inform each of the group members which have a risk
resident or located in this state that the risk is not protected by an insurance insolvency guaranty
fund in this state, and that the risk retention group or insurer may not be subject to all insurance
laws and regulations of this state.
(2) A purchasing group may not purchase insurance providing for a deductible or
self-insured retention applicable to the group as a whole; however, coverage may provide for a
deductible or self-insured retention applicable to individual members.
(3) Purchases of insurance by purchasing groups are subject to the same standards
regarding aggregate limits which are applicable to all purchases of group insurance.
Enacted by Chapter 258, 1992 General Session
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Last revised: Thursday, May 28, 2009