Who overviews a RRG?
A. The state of domicile reviews PROAIR RRG’s financial statements quarterly and such statements are also filed with the National Association of Insurance Commissioners. PROAIR RRG has filed a business plan with its state of domicile specifying its scope of business and states where it plans to write insurance. Other non-domiciled states do have some overview rights as noted above. The reinsurers of PROAIR RRG (who are all rated A – or better by AM Best’s) have a strong vested interest in PROAIR RRG’s well-being and PROAIR RRG’s business plan, underwriting guidelines and financials are provided to and approved by its reinsurers. PROAIR RRG’s financial statements are audited annually by the CPA firm Albright Persing & Associates, CPA Actuarial firm Pinnacle Actuarial Resources, Inc. provides rate recommendations for PROAIR RRG and annually conducts a loss reserve valuation study confirming the adequacy of PROAIR RRG’s loss reserves. Board members who include insureds of PROAIR RRG are p
