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  • Federal Liability Risk Retention Act (LRRA)
    Liability Risk Retention Act of 1986 15 U S Code § 3901 - Definitions (a) As used in this chapter— (1) “insurance” means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk which is determined to be insurance under applicable State or Federal law; (2) “liability”— (A) means legal liability for
  • The Liability Risk Retention Act: Background, Issues, and Current . . .
    This report outlines the current regulatory structures affecting risk retention and risk purchasing groups as well as the legislative and market history of these groups It also discusses the debate regarding possible expansion of these groups into areas beyond commercial liability insurance
  • Risk Retention and Purchasing Group Handbook
    Domiciliary states, as a best practice or by statute may require that every application form for insurance from a risk retention group, every certificate issued by a risk retention group, and every policy (on its front and declaration pages) issued by a risk retention group, contain twelve (12) point bold type the following notice (See Appendix I):
  • 15 USC Ch. 65: LIABILITY RISK RETENTION - House
    The terms of any insurance policy provided by a risk retention group or purchased by a purchasing group shall not provide or be construed to provide insurance policy coverage prohibited generally by State statute or declared unlawful by the highest court of the State whose law applies to such policy
  • LIABILITY RISK RETENTION ACT OF 1986 - GovInfo
    AN ACT to facilitate the ability of product sellers to establish product liability risk retention groups, to facilitate the ability of such sellers to purchase product liabil-ity insurance on a group basis, and for other purposes
  • Liability Risk Retention Act – Explained - Law for Georgia
    State insurance departments are responsible for the implementation of risk retention groups and purchasing groups in compliance with the federal laws of LRRA, state insurance departments are also responsible for their regulation State insurance departments regulate each of these groups in line with their peculiarities
  • Liability Risk Retention Act of 1986 LRRA - IRMI
    The federal Liability Risk Retention Act, enacted by Congress in 1986, was an expansion of the Product Liability Risk Retention Act of 1981 and addressed availability needs of commercial liability insurance in the market in the 1980s The Act utilizes both risk retention groups (RRGs) and purchasing groups (PGs) to accomplish its purpose
  • The Liability Risk Retention Act: Background, Issues, and Current . . .
    At the same time, some problems occurred in individual risk retention groups, and cautionary voices have also been raised Although the liability insurance market has softened somewhat in the past few years, with policies becoming more available and relatively less expensive, risk retention groups have continued to form in significant numbers
  • What are the Legal Requirements for Forming and Operating a Risk . . .
    A guide for forming, licensing, and maintaining a risk retention group under federal and state law Risk retention groups (RRGs) offer a non-traditional liability insurance approach for businesses seeking more availability and control over their coverage solutions
  • Federal Risk Retention Act Explained - americanequestrian. com
    The Committee, supported by the administration's Tort Policy Working Groups' report, was convinced that an expansion of the Products Liability Risk Retention Act of 1981 was needed to facilitate group insurance programs





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