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LIABILITY RISK RETENTION ACT OF 1986 - GovInfo AN ACT to facilitate the ability of product sellers to establish product liability risk retention groups, to facilitate the ability of such sellers to purchase product liabil-ity insurance on a group basis, and for other purposes
15 USC Ch. 65: LIABILITY RISK RETENTION - House (A) means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of—
Federal Liability Risk Retention Act (LRRA) Congress responded first by enacting the Products Liability Risk Retention Act (PLRRA) in 1981, and then by expanding the PLRRA’s reach to all forms of liability insurance with the 1986 Liability Risk Retention Act (LRRA)
15 U. S. Code § 3901 - Definitions | U. S. Code | US Law | LII Legal . . . “ personal risk liability ” means liability for damages because of injury to any person, damage to property, or other loss or damage resulting from any personal, familial, or household responsibilities or activities, rather than from responsibilities or activities referred to in paragraphs (2) (A) and (2) (B);
The Liability Risk Retention Act: Background, Issues, and Current . . . In the 1981 act, subsequently amended in 1986 and known now as the Liability Risk Retention Act4 (LRRA), Congress crafted a narrow exception to the usual state insurance regulations for these groups in largely exempting the groups from multiple state regulation
The Liability Risk Retention Act: Background, Issues, and Current . . . These documents were prepared by the Congressional Research Service (CRS) CRS serves as nonpartisan shared staff to congressional committees and Members of Congress It operates solely at the behest of and under the direction of Congress
Microsoft Word - LIABILITY RISK RETENTION ACT OF 1986. doc “liability” – means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of –
Risk Retention Act (RRA) of 1986 - IRMI The Risk Retention Act (RRA) of 1986 is federal legislation passed in 1986 that authorized the formation of purchasing groups and group self-insurance programs for certain types of liability exposures
LIABILITY RISK RETENTION ACT OF 1986 - CompleteMarkets The following is the text of the Products Liability Risk Retention Act of 1981 as amended by the Risk Retention Amendments of 1986, creating the Liability Risk Retention Act of 1986 The amendments were passed by the Senate and The House of Representatives on October 6 and October 9, respectively