Section 5901. Title and purpose

This article may be cited as the "risk
  retention groups and purchasing groups act." The purpose of this article
  is to regulate the formation and/or operation  in  this  state  of  risk
  retention groups and purchasing groups formed pursuant to the provisions
  of  the  federal  Liability  Risk Retention Act of 1986 (Public Law 99 -
  563), to the extent permitted by such law.