What does Racketeer Influenced and Corrupt Organizations Act of 1970 mean? Read on to discover the definition & meaning of the term Racketeer Influenced and Corrupt Organizations Act of 1970 - to help you better understand the language used in insurance policies.

Racketeer Influenced and Corrupt Organizations Act of 1970

A law providing for treble damages against those engaged in "a pattern of racketeering activity." At one time, a number of liability policies excluded coverage for suits alleging RICO Act violations against insureds. Now, however, this exclusion is much less common.

We hope the you have a better understanding of the meaning of Racketeer Influenced and Corrupt Organizations Act of 1970.

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