11:2-36.1 Purpose and scope
(a) The purpose of this subchapter is to regulate in this State the formation and/or operation of:
1. Foreign or alien risk retention groups; and
2. Purchasing groups formed in the United States pursuant to 15 U.S.C. ยง 3901 et seq.
(b) This subchapter applies to:
1. All foreign or alien risk retention groups and their legal representatives, who are doing or intend to do business in this State; and
2. All purchasing groups with members located in this State and their legal representatives, who are doing or intend to do business in this State.