A risk retention group executive has submitted testimony to a congressional panel calling for an expansion of the federal law governing risk retention groups, allowing them to offer property and commercial auto insurance coverage.
An expansion of the Liability Risk Retention Act has been the subject of a campaign by the National Risk Retention Association for the past four years.
In the latest action, the Subcommittee on Housing and Community Opportunity, chaired by Rep. Maxine Waters, D-Calif., received comment submitted by Janice M. Abraham, former NRRA board member and president and chief executive officer of United Educators Insurance, an RRG created in 1987.
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