Risk Retention Act of 1986
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Risk Retention Act of 1986
Federal act composed of amendments to the Product Liability Risk Retention Act of 1981 and enacted to make the procedures more efficient for creating risk retention groups (capitalized, member-owned insurance company) and purchasing groups (insurance buyers group formed to obtain coverage for homogeneous liability risks, in many instances hard to insure, from an insurance company).
| Risk Rating, Individual, Risk Position Reports, Risk Philosophy | |
| Risk Selection, Risk Transfer, Risk and Insurance Management Society (RIMS) |
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Risk Retention Act of 1986
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Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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