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When Congress passed the Liability Risk Retention Act, it created two vehicles–risk retention groups and purchasing groups–to provide commercial insurance buyers with alternatives when liability insurance in the traditional market became unavailable and/or unaffordable.

During hard markets–the circumstance in which the act was passed–it was anticipated that RRGs, which retain risk, would dominate. It was thought that during soft markets, when ample risk financing was available, purchasing groups would form to buy from traditional insurers, using the power of group purchasing to secure the best deal for their members.

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