Alt. Market Blasts Proposed HUD Restrictions
Captives, RRGs cautiously optimistic that modifications will be made
A proposed federal rule that would create perhaps insurmountable hurdles for alternative market insurers of professional liability for long term care facilities generated a stack of formal comments more than an inch thick to the U.S. Department of Housing and Urban Development.
A total of 28 responses were sentall but one against implementing H04-01. HUD told National Underwriter it is now considering the comments and that “the time frame for publication of revised guidelines is within the next 60 days.”
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