Risk Retention Act Of

Definition of "Risk retention act of 1986"

Federal act composed of amendments to the Product Liability Risk Retention Act of 1981 and enacted to make the procedures more efficient for creating risk retention groups (capitalized, member-owned insurance company) and purchasing groups (insurance buyers group formed to obtain coverage for homogeneous liability risks, in many instances hard to insure, from an insurance company).

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ