Section 5911. Insurance agents, insurance brokers and excess line brokers

(a) The provisions of article twenty-one of this chapter shall apply  to
  any  risk  retention group not chartered and licensed in this state as a
  property/casualty insurer but which is doing business in this state. Any
  such risk retention group shall for such purposes  be  deemed  to  be  a
  licensed foreign insurer.
    (b)  If any person, firm, association, or corporation does an act with
  respect to a purchasing group or any member thereof, which act  if  done
  with  respect  to  any  other  person  or  entity would require that the
  person, firm, association, or corporation doing such act be licensed  as
  an  insurance  agent  or broker, then such person, firm, association, or
  corporation must be appropriately licensed pursuant to this chapter.
    (c) Every person, firm, association, or corporation licensed  pursuant
  to  the  provisions  of  article  twenty-one  of  this chapter shall, on
  business placed by such licensee with a risk retention group or with  an
  unauthorized  insurer  on  behalf  of  a  purchasing group or any of its
  members, inform each prospective insured of the provisions of the notice
  required by subsection (a) of section five thousand nine hundred five of
  this article in the case of a risk retention group and subsection (c) of
  section five thousand nine hundred nine of this article in the case of a
  purchasing group.