What Does Federal Liability Risk Retention Act Mean?
What does Federal Liability Risk Retention Act mean? Read on to discover the definition & meaning of the term Federal Liability Risk Retention Act - to help you better understand the language used in insurance policies.
Federal Liability Risk Retention Act
Preempts some state functions. For example, the Act does not allow a state insurance regulator to prohibit risk retention groups (RRGs) domiciled in other states from operating within the regulator's state, thus eliminating the need for a fronting company.
We hope the you have a better understanding of the meaning of Federal Liability Risk Retention Act.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z