A year-long legal battle with Nevada regulators has paid off for a risk-retention group (RRG) in the form of a decision that should set a precedent for all RRGs, a trade association says.
The United States District Court for the District of Nevada in Las Vegas concluded that the Nevada Division of Insurance (NDI) overstepped its legal bounds by ordering the Alliance of Nonprofits for Insurance Risk Retention Group (ANI) to cease writing automobile-liability insurance policies for its nonprofit association members.
“The case has to do with the State of Nevada not recognizing that an authorized insurer included a risk-retention group,” says Robert H. Myers Jr., general counsel for the National Risk Retention Association (NRRA) and a partner with Morris, Manning & Martin LLP. He adds that the case was generated by the Nevada Department of Motor Vehicles, which obtained “a list of 'authorized insurers' from the Department of Insurance.'”
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