Louisiana officials have dropped a plan to charge risk retention groups a $1,000 fee, avoiding a confrontation over state-vs.-federal regulation of the alternative risk-transfer facilities.
The National Risk Retention Association said it received notification by letter from the Louisiana Insurance Department that risk retention groups will be exempt from paying a financial regulation fee.
The state also revised its Annual Premiums Tax Statement Form 1061 to reflect the exemption for RRGs.
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