NU Online News Service, Jan. 17, 12:18 p.m. EST
While the Government Accountability Office (GAO) report on risk-retention groups (RRGs) recommends that Congress pass legislation clarifying certain provisions of the Liability Risk Retention Act (LRRA), it doesn't go far enough, according to an industry expert.
In a report released Jan. 11, the GAO recommends that Congress consider "clarifying whether 1) RRG registration requirements beyond those currently specified in LRRA are permitted in non-domiciliary states (states other than the state in which the RRG is licensed) and 2) fees in addition to premium and other taxes could be charged to RRGs by non-domiciliary states in which they operate."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
