Risk retention groups offer alternatives to liability coverage.
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.
D005376:Financial Management / Q000331:legislation & jurisprudence*; D006126:Group Processes; D007351:Insurance, Liability / Q000458:organization & administration*; D012308:Risk Management / Q000331:legislation & jurisprudence*; D014481:United States