Risk retention groups offer alternatives to liability coverage
Comi, D.M.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 41(7): 40
1987
ISSN/ISBN: 0735-0732 PMID: 10282636 Document Number: 301036
Recent amendments to the Product Liability Risk Retention Act of 1981 allow self-insurers to form risk retention groups to cover all liability risks as well as product liability. This act makes it easier for qualified individuals and organizations to form association insurance captives or collectively purchase insurance on a group basis to solve the problem of availability and affordability of liability insurance.