40-4115. Purchasing groups satisfying criteria of federal law exempt from certain state laws; insurers doing business with purchasing groups exempt from certain state laws.
40-4115
40-4115. Purchasing groups satisfying criteria of federal law exemptfrom certain state laws; insurers doing business with purchasing groupsexempt from certain state laws.Any purchasing group meeting the criteria establishedunder the provisions of the federal liability risk retention act of 1986shall be exempt from any law of this state relating to the creation ofgroups for the purchase of insurance, prohibition of group purchasing orany law that would discriminate against a purchasing group or its members. In addition, an insurer shall be exempt from any law of this state whichprohibits providing, or offering to provide, to a purchasing group or itsmembers advantages based on their loss and expense experience not affordedto other persons with respect to rates, policy forms, coverage or othermatters. A purchasing group shall be subject to all other applicable laws of this state.
History: L. 1987, ch. 172, § 6; April 30.