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Risk Retention Groups: Common Regulatory Standards and Greater Member Protections Are Needed
Richard J. Hillman (au)
Risk retention groups (RRG) increase the avail. & affordability of commercial liab. insur. An RRG is a group of similar bus. that creates its own insur. co. to self-insure its risks. Through the Liab. Risk Retention Act (LRRA), Congress partly preempted state insur. law to create a regulatory framework for RRGs. Recent shortages of affordable liab. insur. have increased RRG formations, but recent failures of RRGs raised questions about the adequacy of RRG reg. This report: examines the effect of RRGs on insur. avail. & affordability; assesses whether LRRA’s preemption has resulted in significant regulatory problems; & evaluates the sufficiency of LRRA’s ownership, control, & governance prov. in protecting the best interests of the insureds.
Commonwealth of Science: ANZAAS & the Scientific Enterprise in Australia, 1888-1988
Between Friends: Writing Women Celebrate Friendship
Gates of the Alamo
For Your Own Good: The Roots of Violence in Child-Rearing
How to Spec Type
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