Risk Retention Groups (RRGs) and Risk Purchasing Groups (RPGs) Opportunities and Problems
June 26, 2019
An RRG is a liability insurance company and an RPG is a mechanism to facilitate the purchase of liability insurance. Both are authorized by federal law, the Liability Risk Retention Act, 15 USC § 3901, et seq. Because insurance is regulated by the states, the exemptions from state law established by the Act create both opportunities and problems for RRGs and RPGs.
The goal of this webinar will be to briefly explain the creation and operation of RRGs and RPGs and then to examine the practical issues that arise, particularly when state and federal laws conflict. Webinar attendees should have at least a basic understanding of insurance regulation.
Members of the Business Law Section may access the program materials and video from this program. Log in using your email address.