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Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983615238
Category :
Languages : en
Pages : 58
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Book Description
RISK RETENTION GROUPS: Clarifications Could Facilitate States' Implementation of the Liability Risk Retention Act
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983615238
Category :
Languages : en
Pages : 58
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Book Description
RISK RETENTION GROUPS: Clarifications Could Facilitate States' Implementation of the Liability Risk Retention Act
Author: U.s. Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781974437719
Category :
Languages : en
Pages : 58
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Book Description
Congress authorized the creation ofrisk retention groups (RRG)a groupof similar businesses that creates itsown insurance company to insure itsriskto increase the affordability andavailability of commercial liabilityinsurance. Through the Liability RiskRetention Act (LRRA), Congresspartially preempted state insurancelaws to allow RRGs licensed in onestate (the domiciliary state) to operatein all other states (nondomiciliarystates) with minimal additionalregulation. In a 2005 report(GAO-05-536), GAO noted concernswith the adequacy of RRG regulation.This report (1) describes changes inthe financial condition of the RRGindustry from 2004 to 2010;(2) examines the regulatory treatmentof RRGs across domiciliary andnondomiciliary states; and(3) examines changes to federal andstate regulatory practices regardingRRGs since 2004. GAO analyzedRRG financial data, surveyed stateinsurance regulators (96 percentresponse rate), and interviewed RRGindustry representatives.
Author:
Publisher: DIANE Publishing
ISBN: 1428934065
Category :
Languages : en
Pages : 120
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Book Description
Author: United States. Government Accountability Office
Publisher:
ISBN:
Category : Insurance law
Languages : en
Pages : 53
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Book Description
Author: Jay Adkisson
Publisher: iUniverse
ISBN: 0595422373
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
A captive insurance company is, in a nutshell, an insurance company formed by a business owner to insure the risks of the operating business. The operating business pays premiums to the captive, and the captive insures the risks of the operating business. A captive is much more than an exotic form of self-insurance: It is the creation of a new insurance company that has the potential to grow from being a mere captive into a full-blown insurance company seeking to profit from underwriting the risks of others. Adkisson's Captive Insurance Companies provides a basic introduction to captives and their benefits, including: utilize your own experience ratings; recapture underwriting profits; underwrite exposed risks and deductibles; access the reinsurance markets; and transfer wealth between generations. This book also provides a unique look at the wealth transfer, accumulation and preservation advantages of captives, as well as an overview of the types of captives, taxation of captives, and captive domiciles.
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781984943743
Category :
Languages : en
Pages : 120
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Book Description
GAO-05-536 Risk Retention Groups: Common Regulatory Standards and Greater Member Protections Are Needed
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on the Consumer
Publisher:
ISBN:
Category : Insurance, Liability
Languages : en
Pages : 216
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Book Description
Author: Christopher Diemel
Publisher:
ISBN: 9781891025068
Category :
Languages : en
Pages :
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Book Description
Author: Karen Cutts
Publisher:
ISBN: 9781891025006
Category :
Languages : en
Pages : 395
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Book Description
Author: Christopher Diemel
Publisher:
ISBN: 9781891025051
Category :
Languages : en
Pages :
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Book Description
