A move by North Carolina to limit use of risk retention groupsin the state has provoked a letter of protest from the NationalRisk Retention Association.
The Washington, D.C.-based NRRA sent a letter to the NorthCarolina Insurance Department stating that if passed in its currentform, House Bill 645, adopted in the House May 12 and sponsored byHugh Holliman, D-Davidson, would "discriminate against riskretention groups in a manner prohibited by federal law."
Under the Risk Retention Act groups of companies can bandtogether as self-insurers to provide coverage for hard-to-insureand homogeneous risks.
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