PADI isn't a "risk retention group" under the statutory definition because buying insurance through PADI isnt mandatory. The statute is designed for a special type of mutual insurance corporation to be created in California. Providing insurance has to be the primary reason for the group and all members must have the insurance. Those arent padis rules. PADI isn't that kind of corporation. The law you cited doesn't apply to PADI.
So they clearly arent violating that.
Next contestant?
The Padi Risk Purchasing Group, Inc.: a California corporation
The Padi Risk Purchasing Group, Inc.
The Padi Risk Purchasing Group, Inc. is a corporation registered in the state of California.
It is a domestic corporation, meaning it was formed, as well as registered, in California. Its articles of incorporation were filed on January 22, 2010.
The Padi Risk Purchasing Group, Inc.'s business registration is active, and the corporation is authorized to do business in California, as long as they meet any other legal requirements that may be subject to.
The Padi Risk Purchasing Group, Inc. is a for-profit entity.
President
Steve Vicencia
20 Centerpointe Dr #100
La Palma CA 90623
Registered Agent
Steve Vicencia
20 Centerpointe #100
La Palma CA 90623
Mailing Address
20 Centerpointe Dr Ste 100
La Palma CA 90623
Corporation Number C3269605
Type Domestic
Formation Date 01/22/2010
Status Active
Alive/Dead Alive
Profit/Nonprofit For-profit
AND THEN ...
The Padi Risk Purchasing Group, Inc. Company Profile - Located in La Palma, CA
Padi Rpg inc. was originally formed in 2000 ...
AND ....
The Padi Risk Purchasing Group, Inc.
The Padi Risk Purchasing Group, Inc. is located at 20 Centerpointe Dr Ste 100 La Palma, CA 90623. The officers include .
The Padi Risk Purchasing Group, Inc. was incorporated on Friday, April 07, 2000 in the State of CA and is currently not active.
Steve Vicencia represents The Padi Risk Purchasing Group, Inc. as their registered agent.
Source: Public Record data - Department of State - Division of Corporations
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The Padi Risk Purchasing Group, Inc. Company Profile - Located in La Palma, CA
Then it appears they let it lapse ( no filings) untill Jan 22nd 2010. so 9 years it was a defunct corp.
These are the only 2 filings I can find - 1 on April 7th 2000 and 1 on Jan 22nd 2010 ... with no annual filing in-between.
If it walks like a RRG ... and it looks like a RRG ... and it smells like a RRG ...