Risk Retention Group (Glossary Word)

A group of companies that combine for the purpose of providing group members with self-insurance. An RRG generally results in the establishment of a chartered, limited purpose, insurance company.

Other users searching for also searched for some of the following glossary words and FAQs.

Glossary Words

• Insurance Purchasing Group
• Perils (Covered Perils)
• Umbrella Policy
• Underwriting

FAQs

• I'm not near any body of water. Is there any particular reason why I would need flood insurance? Doesn't my homeowner policy provide flood coverage?