MLchartDataset catalogue

Risk retention group (RRG)

Term · Insurance and risk management · MLC-T-INS-002987

A liability insurance company formed and owned by its members, who are engaged in similar businesses or activities. Authorized by the federal Risk Retention Act, an RRG allows members to self-insure against specific liability risks, providing an alternative to traditional commercial insurance. It is licensed in one state but can operate nationwide.

Table 1. Record
IdentifierMLC-T-INS-002987
FieldInsurance and risk management
AbbreviationRRG
Record as JSON 
{
  "id": "MLC-T-INS-002987",
  "term": "Risk retention group (RRG)",
  "field": "Insurance and risk management",
  "definition": "A liability insurance company formed and owned by its members, who are engaged in similar businesses or activities. Authorized by the federal Risk Retention Act, an RRG allows members to self-insure against specific liability risks, providing an alternative to traditional commercial insurance. It is licensed in one state but can operate nationwide.",
  "abbreviation": "RRG",
  "url": "https://mlchart.com/terminology/insurance/risk-retention-group-rrg/"
}

Record 3,065 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.