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Talks Progress On Risk Retention Group Accounting

Orlando, Fla.--Captive domicile officials appear to be reaching a meeting of the minds with state regulators over what sort of accounting format risk retention groups should use to report their financi

By Caroline McDonald | Updated on March 16, 2006

Orlando, Fla.–Captive domicile officials appear to be reaching a meeting of the minds with state regulators over what sort of accounting format risk retention groups should use to report their financial condition.

An attorney for the RRGs gave a positive assessment after the latest meeting of the National Association of Insurance Commissioners task force that is studying regulation of the groups in the wake of a federal government report on RRGs.

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