National Risk Retention Association

NRRA has a long history of successful legal and regulatory representation of the interests of risk retention and risk purchasing group liability insurance programs. NRRA has 22 years of advocacy. View NRRA's History .

If you would like to be added to our contact list, please submit your information and a request to be added to our database via the Contact Us page.

Report from the December NAIC Meeting

NRRA was represented at the recent (December 4-8, 2009) NAIC Meeting in San Francisco by NRRA General Counsel, Robert H. “Skip” Myers of Morris, Manning and Martin, LLP. A memorandum summarizing the matters of particular interest to NRRA members including the meeting of the Risk Retention Group (E) Task Force, the Model Audit Rule, and the NAIC’s response to NRRA’s request to amend the accreditation standards to promote state compliance with the LRRA, is now available in the members-only section of the NRRA website.

NAIC Dec2009: members log in

Report from the NAIC RRG Task Force Meeting

The NAIC RRG Task Force met by conference call on Thursday, September 3^rd. The receipt of the NRRA letter requesting that the Accreditation Standards include evaluation of compliance by the states with the Liability Risk Retention Act was acknowledged. The letter will be circulated to all the members of the Task force and will be on the agenda for consideration at the NAIC meeting at the end of September. The full summary of the September 3^rd meeting is available in the members-only section of the NRRA website.

(NAIC RRG Task Force Sept 3, 2009) - members log in.

RRG Subgroup of the Financial Examiners Handbook (E) Technical Group

A detailed summary of the NAIC RRG Subgroup of the Financial Examiners Handbook (E) Technical Group conference call that was held on September 3 is available in the members-only section of the NRRA website.

(RRG Subgroup -Financial Examiners Handbook) - members log in.

Tax Filing Requirements by State – Updated!

The tax subcommittee of NRRA’s Government Affairs Committee has updated the chart detailing the filing requirements by state. Special thanks go to Johnson Lambert & Co. LLP for their work with the committee to compile this data. This informative document is now available in the members-only section of NRRA’s website.

(Revised RRG Filing Requirements Aug 6, 2009) - members log in

Assistant General Counsel - Vermont Captive Division

The Vermont Department of Banking, Insurance, Securities and Health Care Administration is seeking to fill an Assistant General Counsel exempt (non-classified) position, within the General Counsel’s Office. The primary assignment for this position will be to provide legal services to the Captive Insurance Division, participating as a member of the regulatory team. The application deadline is September 14, 2009. Click here for more information. Link to document.

NRRA Conference Deadlines Extended!

HOTEL: NRRA has negotiated an extension to the discounted hotel room rates for the Conference. The NRRA rate at The Renaissance M Street Hotel will be available through Friday, September 4th. After Friday, rooms at will revert back to the hotel's regular prices. An online search today indicates that the NRRA discount rate is at least $30 below the best of the discounted online deals our savvy shopper could find.

NRRA Registration: NRRA has extended the deadline to register for the 2009 NRRA Conference at the early-bird rates through Friday, September 4th to coincide to the newly extended hotel deadline

National Risk Retention Association 2009 National Conference

September 23-25
Washington, DC

Link to Registration Form

Link to Hotel Reg

NRRA Asks NAIC to Require States to Comply with the LRRA

On August 11^th NRRA sent a letter to the Chair of the NAIC’s Risk Retention Group Task Force, Scott Richardson of South Carolina, to request that the NAIC amend the accreditation standards developed for the regulation of RRGs. The current accreditation standards are used to evaluate state accreditation; however, they do not grade the states on compliance with the LRRA or even with the NAIC Handbook on Risk Retention and Purchasing Groups.

Click here to see the full letter. NRRA's letter to the NAIC.

Proposed Changes in Tax Legislation May Benefit Small RRGs

Representatives Earl Pomeroy of North Dakota and Paul Ryan of Wisconsin have introduced a bill (H.R. 3301) to limit the tax exposure of very small property and casualty insurance companies. The bill has been referred to the Ways and Means Committee. The proposed legislation would raise the alternative tax liability limitation for small insurers to $2.025 million from $1.2 million. This means that qualifying insurers, including RRGs, could elect to pay federal income tax only on the insurer's investment income rather than on its net business income. The full text of the proposed legislation is available in the members-only section of the NRRA website. : members log in.

Senate HELP Committee Healthcare Draft Bill/Risk Retention Groups

The current draft of the healthcare reform legislation before the Senate includes in its Title V a section entitled "Preventing Fraud and Abuse." While a number of the provisions of this section are laudatory and deserve support, section 551 is problematic. The LRRA already allows non-domiciliary states to apply their anti-fraud laws to RRGs. This provision would not prevent fraud, but would undermine 'lead state' regulation. NRRA has requested that the reference to the LRRA be striken from the bill. The full text of NRRA's response is available in the members-only section.

Search under :

Letter to Senator Richard Shelby
Letter to Senator Chuck Grassley
Letter to Senator John Ensign
Letter to Senator Christopher Dodd
Letter to Senator Edward Kennedy
Letter to Senator Joseph Lieberman

members log in.

Check out the latest news from the NAIC RRG Subgroup - including new Governance Standards for Risk Retention Groups.

Search under NAIC RRG Subgroup update: members log in.

NAIC's Risk Retention Group (E) Task Force has released two summary memos for comment

The NAIC's Risk Retention Group (E) Task Force has released two summary memos for comment relating to the Part B: Regulatory Practices and Procedures and Part C: Organizational and Personnel Practices accreditation standards. These memos discuss the Task Force's consensus on whether the various standards and guidelines within the Part B and C accreditation standards should apply to risk retention groups licensed as captive insurers.

NRRA Members are encouraged to review the summary memos and send comment letters no later than Friday, July 24, 2009 to Julie Glaszczak via email at jglaszcz@naic.org.

Part B: Regulatory Practices and Procedures

Part C: Organizational and Personnel Practices accreditation standards

NRRA was represented at the recent (June 12 - 15) NAIC Meeting in Minneapolis by NRRA General Counsel, Robert H. "Skip" Myers of Morris, Manning and Martin, LLP. A memorandum summarizing two matters of particular interest to NRRA members, the Risk Retention Group (E) Task Force and the Reinsurance (E) Task Force, is now available in the members-only section of the NRRA website. To view report , members log in.

RRG Filing Requirements

The Tax Subcommittee of NRRA's Government Affairs Committee has prepared a highly informative document detailing the RRG Filing Requirements by state. Special thanks to Johnson Lambert & Co. LLP for their work compiling this information on behalf of the committee.

Members can view the filing chart under the "Member-Only" section of the NRRA web site.

(Posted 06/12/09)

State Insurance Department RRG and PG Contacts

The NAIC has updated their list of state insurance department contact persons for Risk Retention Groups and Purchasing Groups * a useful resource for NRRA members.
(Posted 06/12/09)
View a copy of the RRG and PG Contacts.

Reform, React, Grow . . .RRGs Unite

Join your RRG and PG industry peers for 3 days of great networking, robust educational sessions, an impressive slate of speakers, and the most current information about the legislative and regulatory issues facing the industry.

The first day of the conference includes sessions relating to the financial health and well being of RRGs and PGs. Day two is focused on regulatory and legislative issues with a jam-packed line up of sessions including state regulators and insurance commissioners, an update on NAIC activities, the status of pending legislation that will impact our industry, and NRRA’s government affairs initiatives. The last day of the conference focuses on marketing and branding and we’ve lined up some great speakers that will provide concrete implementable ideas on retaining your current customers and growing your business in a down economy. One significant addition to this year’s conference that we hope you will enjoy is NRRA’s first annual Chairman’s Dinner on the second evening of the conference with entertainment by The Capitol Steps comedy troupe to follow.

Click here to register

NRRA's Government Affairs Fund

NRRA's Public Affairs Fund makes it possible to work on important legislation that benefits the risk retention industry. Go to the Public Affairs page, for a list of donors.