Feasibility Study First Step In Forming RRG As corporate insurance buyers once again steel themselves to the reality of the hard market and continuing rate increases, many may consider moving their programs into risk retention groups. To determine whether an RRG is the best solution, preparation of a feasibility study is essential.
A feasibility study not only helps insureds determine whether an RRG is the best option, but it is also a requirement of the Liability Risk Retention Act, which provides that a feasibility study or plan of operation be submitted to the RRGs domiciliary state regulator as well as to regulators of states in which the RRG intends to operate.
The first decision that prospective insureds must make is who will conduct the feasibility study.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
