§431K-4  Compulsory associations.  (a) No risk retention group shall be permitted to join or contribute financially toany insurance insolvency guaranty fund, or similar mechanism, in this State,nor shall any risk retention group or its insureds receive any benefit from anysuch fund for claims arising out of the operations of such risk retentiongroup.

(b)  When a purchasing group obtains insurancecovering its members' risks from an insurer not authorized in this State or arisk retention group, no such risks wherever resident or located shall becovered by any insurance insolvency guaranty fund or similar mechanism in thisState.

(c)  When a purchasing group obtains insurancecovering its members' risks from an insurer authorized in Hawaii, claims shallbe covered by the property and liability insurance guaranty association,subject to the provisions of chapter 431, article 16.

(d)  A risk retention group shall participatein this State's joint underwriting associations and mandatory liability pools asprovided by any law of this State. [L 1987, c 180, pt of §1; am L 1989, c 272,§5]