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What is rrg insurance?

Asked By: Naksh Dhillon

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Executive at Pidilite Industries Limited Travel Beverage Drawings Certification Oakland United States

Issue: Risk Retention Groups (RRGs) are liability insurance companies owned by its members. A risk retention group (RRG) is a state-chartered insurance company that insures commercial businesses and government entities against liability. A risk retention group (RRG) is an alternative risk transfer entity created by the federal Liability Risk Retention Act (LRRA). Risk Retention Group (RRG) — an insurance company formed pursuant to the federal Risk Retention Act of 1981, which was amended in 1986 to allow insurers. This means that RRGs cannot write property insurance, including collision and comprehensive coverage for autos, or workers compensation. A risk retention group (RRG) is a policy issuing liability insurance company that is owned by its member insured's and formed under the Liability Risk Retention.


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