Definitions for "Risk Retention Group"
A group of companies or trade associations combining to operate as a limited-purpose insurer as permitted under the Liability Risk Retention Act of 1986. RRGs combine resources as well as pool risk.
a corporation or other limited liability association, functioning as a captive insurance company and organized for the primary purpose of assuming and spreading the liability risk exposure(s) of its group members (member-owners)
a corporation or other limited liability association whose primary activity is to assume and spread the liability exposure of its group members
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