NRRA has a long history of successful legal and regulatory representation of the interests of risk retention and risk purchasing group liability insurance programs. To see a summary of NRRA activities please visit the History page of this web site under "Gov't Relations".

Our most recent activities have focused on active involvement with the NAIC Task Forces, which have been formed in response to the 2005 GAO Report on risk retention groups. As meets are scheduled, we send out broadcast emails to anyone that would like to receive them. Reports of activities of these meetings are also distributed to members and then stored in our online resource archives. Other activities are also reported on this page and then archived for members to access in the future.

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.

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NRRA Submits Testimony Regarding RRG Registration in New York

Robert H. Myers, Jr., General Counsel of NRRA, presented a statement to the Joint Federal/State Investigation Into Access and Equality of New York State Medical Malpractice Insurance. 

NRRA submitted this testimony to clarify the issues surrounding the registration of the J.M. Woodworth Risk Retention Group, Inc. ("J.M. Woodworth")  with the New York State Insurance Department reflecting its intention to offer liability insurance in New York State.  Risk retention groups ("RRGs") are governed by a federal statute, the Liability Risk Retention Act, 15 U.S.C. § 3901, et seq.
(the "LRRA"). The notification of a state in which the RRG intends to do business is mandated by § 3902(d) of that statute.
 
J. M. Woodworth's registration precipitated statements made by other insurers licensed in New York, both in letter form and in the media, that in some cases have been misleading.

View a copy of the testimony. 

(Posted 08/27/2007)

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NRRA Applauds Oklahoma's Decision Not To Require Fraud Fees

The National Risk Retention Association (NRRA) applauds the recently announced decision of the Oklahoma Insurance Department to not enforce its annual anti-fraud fee against risk retention groups (RRGs).  For several years, Oklahoma has taken the position that RRGs should pay the fee, and many RRGs have done so under protest.  The Liability Risk Retention Act, a federal statute, allows states to assess "premium and other taxes" assessed on a non-discriminatory basis on RRGs, but does not permit the assessment of fees.  Until just a few days ago, Oklahoma had taken the position that it had the authority to assess these fees.  NRRA and numerous RRGs had registered their opposing interpretation of the law in extensive correspondence.

"We are appreciative that Oklahoma has changed its position on the assessment of these fees", said Rebecca Smart, Chair of the NRRA Board.  "This is a big step towards clarifying the issue of the limits of non-domiciliary state authority."
(Posted 08/27/2007)

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UPDATE - Massachusetts Changes Registration Requirements and Deadlines

In a letter dated August 14, 2007, NRRA followed up its letters of July 13 and August 1, addressing the privacy concerns raised by the filing of the biographical information with a non-domiciliary state.

After reviewing a letter from Mr. Mancini dated July 30, 2007, NRRA is very appreciative of the withdrawal of the requirement to complete the UCAA Form 8.  However, NRRA remains concerned, regarding the continuing request for biographical affidavits of officers and directors and several of the questions on the new registration form.  As a preliminary matter, NRRA noted in our letter dated July 13, 2007 that registration requirements of non-domiciliary RRGs under the Liability Risk Retention Act ("NRRA"), 15 U.S.C . § 3901,
et seq., are limited to those specified by § 3902 (d). 

We will continue to keep you advised of any developments.

View the letter dated August 14, 2007.

(Posted 08/27/2007)

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NRRA PRESS RELEASE - NRRA Backs TRIA Extension, but Rejects NBCR Mandate

Robert H. Myers, Jr., General Counsel of NRRA, presented a statement to the Joint Federal/State Investigation Into Access and Equality of New York State Medical Malpractice Insurance.  The
NRRA submitted this testimony to clarify the issues surrounding the registration of the J.M. Woodworth Risk Retention Group, Inc. ("J.M. Woodworth")  with the New York State Insurance Department reflecting its intention to offer liability insurance in New York State.  Risk retention groups ("RRGs") are governed by a federal statute, the Liability Risk Retention Act, 15 U.S.C. § 3901, et seq.
(the "LRRA"). The notification of a state in which the RRG intends to do business is mandated by § 3902(d) of that statute.
 
J. M. Woodworth's registration precipitated statements made by other insurers licensed in New York, both in letter form and in the media, that in some cases have been misleading.

View a copy of the testimony. 

If you have any questions, please contact: