A purchasing group and its insurers are subject to all applicable laws of this state, except that a purchasing group and its 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, to a purchasing group or its members insurance on a basis providing 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 have a minimum number of members, common ownership or affiliation, or certain legal form; (6) require that a certain percentage of a purchasing group obtain insurance on a group basis; (7) otherwise discriminate against a purchasing group or any of its members; or (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.
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