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

26.1-46-06. Purchasing groups - Exemption from certain laws relating to the group 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.