Captive insurance companies need to lobby key regulators against a move to treat risk retention groups like traditional insurers, Washington, D.C. Insurance Commissioner Thomas Hampton said today.
When it comes to paying attention to this question, Mr. Hampton said he and the D.C. Department of Insurance, Securities and Banking are "the only people out there."
The District is one of six jurisdictions that allow RRGs to be licensed as captives, he noted, but he is the only commissioner advocating RRG licensing of captives as national policy within the National Association of Insurance Commissioners.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
