The purpose of the Risk Retention and Purchasing Group Act is to regulate the formation and operation of risk retention groups and purchasing groups in New Mexico formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 to the extent permitted by that act.
History: Laws 1988, ch. 125, § 2.
Cross references. — For the Federal Liability Risk Retention Act of 1986, see 15 U.S.C. § 3901 et seq.
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