Captive insurance companies need to lobby key regulators againsta move to treat risk retention groups like traditional insurers,Washington, D.C. Insurance Commissioner Thomas Hampton saidtoday.
When it comes to paying attention to this question, Mr. Hamptonsaid he and the D.C. Department of Insurance, Securities andBanking are "the only people out there."
The District is one of six jurisdictions that allow RRGs to belicensed as captives, he noted, but he is the only commissioneradvocating RRG licensing of captives as national policy within theNational Association of Insurance Commissioners.
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