(a) No risk retention group is required to join or contribute financially to any insurance insolvency or guaranty fund or similar mechanism in this State; nor shall any risk retention group or its insureds receive any benefit from any such fund for claims arising out of the operations of such risk retention group.
(b) A risk retention group may be required to participate in residual market mechanisms under Articles 37 and 42 of this Chapter. (1987, c. 310.)
Sections: Previous 58-21-95 58-21-100 58-21-105 58-22-1 58-22-10 58-22-15 58-22-20 58-22-25 58-22-30 58-22-35 58-22-40 58-22-45 58-22-50 58-22-55 58-22-60 Next
Last modified: March 23, 2014