RRG/RPG Formation and Management

The Liability Risk Retention Act (LRRA), passed in 1986, authorized the formation Risk Purchasing Groups and Risk Retention Groups as a means to help businesses control the run-away cost of liability insurance.

A Risk Retention Group (RRG) is a liability insurance company that is owned by its members. They are domiciled in a US state and can write business all over the country. Like a traditional insurance company they take risk.

A Risk Purchasing Group (RPG) is comprised of homogenous insureds who band together to purchase their coverages from an insurance company at a discount. An RPG does not take risk.

Cedar Consulting LLC can provide the following services for RRG/RPG programs:

  • Help associations to educate members on the potential of a RRG/RPG program
  • Create business plan and facilitate the actuary studies required
  • Financial modeling
  • State filings
  • Facilitate ongoing management

 
To contact us:
  • 250 Park Place
  • Chagrin Falls, Ohio 44022
  • (440) 264-9992
  • (440) 264-9993
 
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