GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Risk Retention Group

A special type of group captive whose business is limited to liability coverage for owners/insureds. Formed under the Federal Liability Risk Retention Act of 1986, these specialized captives are domiciled in and regulated by one state and permitted by federal law to operate in all other states without being required to meet those multiple states’ regulations.