A purchasing group and its insurer or insurers is subject to all applicable laws of this state, except that a purchasing group and its insurer or 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 insurance on a basis providing, to a purchasing group or its members, 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 must have a minimum number of members, common ownership or affiliation, or certain legal form.

6.    Require that a certain percentage of a purchasing group must obtain insurance on a group basis.

7.    Otherwise discriminate against a purchasing group or any of its members.

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.