What Does Liability Risk Retention Act of 1996 Mean?

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What does Liability Risk Retention Act of 1996 mean? Read on to discover the definition & meaning of the term Liability Risk Retention Act of 1996 - to help you better understand the language used in insurance policies.

Liability Risk Retention Act of 1996

Liability Risk Retention Act of 1996

Federal U.S. legislation authorizing the formation of risk retention and purchasing groups that can be used to write all liability coverages except workers compensation and personal risk liability but must be located onshore and cannot include any ownership interest other than that of their insureds.

We hope the you have a better understanding of the meaning of Liability Risk Retention Act of 1996.

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