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From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 15USC3905]

 
                      TITLE 15--COMMERCE AND TRADE
 
                  CHAPTER 65--LIABILITY RISK RETENTION
 
Sec. 3905. Clarification concerning permissible State authority


(a) No exemption from State motor vehicle no-fault and motor vehicle 
        financial responsibility laws

    Nothing in this chapter shall be construed to exempt a risk 
retention group or purchasing group authorized under this chapter from 
the policy form or coverage requirements of any State motor vehicle no-
fault or motor vehicle financial responsibility insurance law.

(b) Applicability of exemptions

    The exemptions provided under this chapter shall apply only to the 
provision of liability insurance by a risk retention group or the 
purchase of liability insurance by a purchasing group, and nothing in 
this chapter shall be construed to permit the provision or purchase of 
any other line of insurance by any such group.

(c) Prohibited insurance policy coverage

    The terms of any insurance policy provided by a risk retention group 
or purchased by a purchasing group shall not provide or be construed to 
provide insurance policy coverage prohibited generally by State statute 
or declared unlawful by the highest court of the State whose law applies 
to such policy.

(d) State authority to specify acceptable means of demonstrating 
        financial responsibility

    Subject to the provisions of section 3902(a)(4) of this title 
relating to discrimination, nothing in this chapter shall be construed 
to preempt the authority of a State to specify acceptable means of 
demonstrating financial responsibility where the State has required a 
demonstration of financial responsibility as a condition for obtaining a 
license or permit to undertake specified activities. Such means may 
include or exclude insurance coverage obtained from an admitted 
insurance company, an excess lines company, a risk retention group, or 
any other source regardless of whether coverage is obtained directly 
from an insurance company or through a broker, agent, purchasing group, 
or any other person.

(Pub. L. 97-45, Sec. 6, as added Pub. L. 99-563, Sec. 8(c), Oct. 27, 
1986, 100 Stat. 3175.)

                  Section Referred to in Other Sections

    This section is referred to in section 3903 of this title.