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Risk Retention Groups [S]
Our Position
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.
NAMIC State Advocacy on Risk Retention Groups
Posted: Monday, July 09, 2012 2:19:35 PM. Modified: Wednesday, July 11, 2012 9:30:22 PM.
317.875.5250 - Indianapolis | 202.628.1558 - Washington, D.C.
