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Understand how the Federal Liability Risk Retention Act (LRRA) impacts RRGs and RPGs, as well as how NRRA is involved. Learn more.
§ 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
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
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.
liability risk retention act of 1986 [As Amended Through P.L. 99–563, Enacted October 27, 1986] øCurrency: This publication is a compilation of the text of Public Law 97-45.
5 Φεβ 2019 · The 1986 Federal Liability Risk Retention Act requires that members of both risk retention groups (RRGs) and risk purchasing groups (RPGs) be homogeneous, which means they must be engaged in similar business activities that expose them to similar liabilities or risks.
Introduction. 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.
