NU Online News Service
WASHINGTON–Legislation will be introduced in the House allowing risk retention groups to sell commercial property insurance, according to an industry source.
Risk retention groups, permitted under the 1986 Risk Retention Act, are businesses banded together to form a self-insurance organization and licensed in at least one state, but are currently limited to offering liability insurance with the exception of workers' compensation.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
