NU Online News Service, March 9, 3:50 p.m. EST
WASHINGTON–Legislation will be introduced in the House allowing risk retention groups to sell commercial property insurance, according to an industry source.
Risk retention groups, permitted under the 1986 Risk Retention Act, are businesses banded together to form a self-insurance organization and licensed in at least one state, but are currently limited to offering liability insurance with the exception of workers' compensation.
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