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Risk retention groups
Using RRG markets
Do I need an excess-line broker’s license in order to place business with a risk retention group that is chartered outside of New York?
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?