How does a RRG differ from an admitted insurance company?
A. Traditional admitted insurance companies must be licensed and comply with the insurance rules of each state in which it operates. Usually such admitted carriers must file all their forms and rates for approval by each state insurance department. A RRG is created under a federal act and is required to be licensed only in its state of domicile. A RRG registers with but is not subject the insurance laws of any state except the state of domicile.
