(a) Any group or groups of employers who are engaged in similar
business activities may establish a fund or funds provided that:
(1) Such fund or funds shall comply with the provisions of this
(2) Separate classes, as described in Code Section 34-9-152, may not be commingled in any fund; and
(3) Such fund or funds shall be established by one or more
professional or trade associations.
(b) Any professional or trade association may establish a fund or
(c) Any fund established prior to January 1, 1995, and which is
operating in compliance with this article or in compliance with the
requirements of the applicable rules and regulations of the
Commissioner shall be deemed to be in compliance with this article.