Breaking Down RRG State Registrations

Risk Retention Reporter Managing Editor Christopher Diemel participated on a panel at the 2021 VCIA Virtual Conference entitled “Are RRGs a Mature Industry?” Other participants on the panel included Vermont Assistant Director of Captive Insurance Christine Brown, MCIC Vermont (A Reciprocal RRG) Chief Risk Officer Chris Heckman, and Recreation RRG Secretary and Risk Management Officer Tim Herr.

While discussing the benefits of the RRG vehicle, Herr mentioned lead state regulation as a key component. Risk retention groups are regulated solely by their state of domicile and can preempt most forms of regulation by non-domiciliary states.

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