Risk Retention Groups [S]
NAMIC opposes legislation that would expand the federal Liability Risk Retention Act by allowing RRGs and purchasing groups to cover property risks. Permitting these groups to write additional lines of commercial insurance, while generally exempt from state law requirements and standards, would likely lead to an unfair competitive environment and raise concerns for covered entities.
Posted: Monday, July 09, 2012 2:19:35 PM. Modified: Wednesday, July 11, 2012 9:30:22 PM.
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