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Risk retention groups
Risk Retention Act
What are the rules governing the operations of Risk Retention Groups and Risk Purchasing Groups in New Jersey?
Liability coverage—group basis
I believe that liability insurance can be written on a group basis in New Jersey without adhering to the provisions of the Risk Retention Act. Can you confirm this?
Background—RRGs
I have a client with some unique liability exposures, and I am doing some research on risk retention groups. Could you describe the regulatory climate and background for these groups?
Risk retention groups’ exemptions from state laws, regulations
Are risk retention groups subject to states’ insurance laws and regulations regarding cancellation, nonrenewal, and other policyholder protections?
No guaranty fund for RRGs
The risk retention group which our insured is participating in for liability coverage has been downgraded by A.M. Best Co. Will the guaranty fund back the policies issued by the risk retention group if they become insolvent?