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What is a risk retention group?

group retention risk
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What is a risk retention group?

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A risk retention group (RRG) is a liability insurance company that is owned by its members. Under the Liability Risk Retention Act, RRGs must be domiciled in a state. Once licensed by its state of domicile, an RRG can insure members in all states. CHRRG is domiciled in South Carolina and writes business in the state of Indiana.

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