§ 26.1-46-06 — Purchasing groups - Exemption from certain laws relating to the group purchase of insurance

North Dakota § 26.1-46-06

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-46: Risk Retention Groups and Purchasing Groups

Text

purchase of insurance.
A purchasing group and its insurer or insurers is 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 subsection 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 must have a minimum number of members, common
ownership or affiliation, or certain legal form.
6. Require that a certain percentage of a purchasing group must obtain insurance on a
group basis.
7. Otherwise discriminate against a purchasing group or any of its members.
8. Require that any insurance policy issued to a purchasing group or any of its members
be countersigned by an insurance producer residing in this state.