Section 33-40-16. Purchases by purchasing group

   A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.

Code 1981, § 33-40-16, enacted by Ga. L. 1987, p. 875, § 1; Ga. L. 1992, p. 6, § 33.