5 CPE credits are available for the successful completion of this course.
The cost of this course for non-designation students and ACI Graduates is $750
The risk retention group insurance alternative under the federal Liability Risk Retention Act (“LRRA”) enjoys a strong advantage over traditional insurance carriers, in that the LRRA allows them to write directly, without multi-state licensing.
In this course we will explore the risk retention group (RRG) concept, under what circumstances a captive should consider the RRG structure, why it works, and why risk retention groups should not be subject to traditional insurance regulation. We will also examine the ways in which non-domiciliary states are abusing risk retention groups and clearly exceeding their limited empowerment under the LRRA and potential RRG responses to non domiciliary state overreaching.
Key course takeaways:
- Identify strengths and limitations of RRGs as an insurance vehicle
- Explain RRG formation and operation issues, including the impact of state financial responsibility laws
- Examine NAIC standards applicable to RRGs
- Discuss significant legal cases related to RRGs
In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions and complete one week of follow up assignments.
Registration Deadline: April 2, 2024
Webconference one: Tuesday, April 9th, 12:00 – 1:15 pm ET
Webconference two: Tuesday, April 16th, 12:00 – 1:15 pm ET
Webconference three: Tuesday, April 23rd, 12:00 – 1:15 pm ET
Office Hour: Tuesday, April 30th, 12:00 – 1:00 pm ET
This course will be offered again in Spring 2025.
For further details please contact at ICCIE at 802-651-9050.
The International Center for Captive Insurance Education (ICCIE) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.