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Alt. Market Blasts Proposed HUD Restrictions

Captives, RRGs cautiously optimistic that modifications will be madeA 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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