About Risk Retention Groups

  • What is the Liability Risk Retention Act?

  • How does the Risk Retention Act work?

  • What is a risk retention group?

  • What is a purchasing group?

  • What is the difference between risk retention groups and purchasing groups?

  • What are the similarities between risk retention groups and purchasing groups?

  • What kinds of insurance coverage do risk retention groups and purchasing groups provide?

  • What are the advantages of risk retention groups?

  • What are the advantages of purchasing groups?

  • How many risk retention groups and purchasing groups are there?

  • How much premium do risk retention groups and purchasing groups generate?

  • Who keeps track of risk retention groups and purchasing groups?

  • Who forms risk retention groups and purchasing groups?

  • Who regulates risk retention groups and purchasing groups?

  • What Federal requirements must RRGs meet to comply with the provisions of the Act?

  • What are the permitted State Regulations for RRGs?

  • Quick Advantages of RRGs

  • Quick Disadvantages of RRGs