A federal appellate court has upheld authority of risk retention groups to provide commercial liability insurance, except workers compensation, without being licensed in every state.
The decision sustains a July 2011 ruling by a Nevada district court that the Nevada Division of Insurance overstepped its bounds when it barred the Alliance of Nonprofits for Insurance Risk Retention Group (RRG) from automobile liability insurance policies for its non-profit association members.
Robert H. "Skip" Myers, Jr., counsel for the National Risk Retention Association in Washington, D.C., says the decision should clarify that an RRG operating under the Liability Risk Retention Act "can operate in any state just as if it were licensed."
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