NU Online News Service, July 25, 1:03 p.m. EDT
A year-long legal battle with Nevada regulators has paid off for a risk-retention group (RRG) in the form of a decision that should set a precedent for all RRGs, a trade association says.
The United States District Court for the District of Nevada in Las Vegas concludes that the Nevada Division of Insurance (NDI) overstepped its legal bounds by ordering the Alliance of Nonprofits for Insurance Risk Retention Group (ANI) to cease writing automobile-liability insurance policies for its nonprofit association.members.
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