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§ 3902. Risk retention groups § 3903. Purchasing groups § 3904. Securities laws § 3905. Clarification concerning permissible State authority § 3906. Injunctive orders issued by United States district courts
- 3902. Risk Retention Groups
Amendments. 1986—Subsec. (a)(1)(C). Pub. L. 99–563, § 12(c),...
- 3903. Purchasing Groups
A purchasing group may not purchase insurance from a risk...
- 3901. Definitions
The provisions of section 3(d) of the Liability Risk...
- 3902. Risk Retention Groups
Understand how the Federal Liability Risk Retention Act (LRRA) impacts RRGs and RPGs, as well as how NRRA is involved. Learn more.
The Federal Employers' Liability Act (45 U.S.C. 51 et seq.), referred to in subsec. (a)(2)(B), is act Apr. 22, 1908, ch. 149, 35 Stat. 65, which is classified generally to chapter 2 (§51 et seq.) of Title 45, Railroads.
The federal LRRA, which was enacted by Congress in 1986, amended and expanded the Product Liability Risk Retention Act of 1981. The purpose of the LRRA is to increase the availability of
5 Φεβ 2019 · A risk retention group (also known as a RRG) is a liability insurance company that is owned by its members. One of the main characteristics of an RRG is, under the 1986 Federal Liability Risk Retention Act, RRGs must be domiciled in a state. Once licensed, an RRG can insure members in all states.
The Federal Liability Risk Retention Act (LRRA) was passed in 1986 and signed into law by Ronald Reagan. No federal agency, however, is responsible for oversight or regulation of this law. The primary regulatory authority for a risk retention group is its state of domicile, and the law curtails the regulatory authority of non-domiciliary states.
24 Ιουν 2011 · Interest in risk retention groups increased along with the prices of insurance and reinsurance. The number of RRGs and premiums increased fairly steadily from 72 groups and $994 million in premium in 2001 to 245 groups and $2.6 billion in premiums in 2006.
