The purpose of this chapter is to:
(1) regulate the formation and operation of risk retention groups and purchasing groups in this state formed under:
(A) the Product Liability Risk Retention Act of 1981 (15 U.S.C. Section 3901 et seq.); or
(B) the Liability Risk Retention Act of 1986 (15 U.S.C. Section 3901 et seq.); and
(2) protect the public by the appropriate regulation of groups described by Subdivision (1) to the extent permitted by law.