RISK RETENTION GROUP (RRG)
RISK RETENTION GROUP (RRG) – An owner controlled insurance company authorized by the Federal Liability Risk Retention Act of 1986. A group self-insured program or group captive insurance company formed under provisions of the Liability Risk Retention Act of 1986, by or on behalf of businesses joined to insure their liability exposures. Such a group is exempt from most state laws, rules or regulations, except for the state in which it is domiciled.