For years, industry professionals had discussed whether risk retention groups could provide contractual liability for stop-loss coverage for employers that self-fund employee group medical plans.
The discussion seemed to have reached a favorable conclusion when, in 2005, Vermont licensed the first RRG to provide such coverage and Montana, in April 2007, licensed the second.
It is the second RRG--Ad-Comp Med RRG Inc.--that has now run into a snag, with California denying its application for registration. The RRG provides contractual liability for California auto dealer franchises who qualify under ERISA self-funded employee group medical plans.
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