US Legal Forms
Delaware Risk Retention Group Application

Delaware Risk Retention Group Application

Name: Delaware Risk Retention Group Application
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (363 reviews)

Category:

Delaware Statewide Department of Insurance

State:

Delaware

Control #:

DE-INS-32

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Sorry, the form is currently unavailable.Try our extended search for alternatives that meet your needs.

Description

Risk Retention Group Application A Delaware Risk Retention Group (RRG) Application is a document used to apply for a special type of liability insurance company that is created and regulated under the Federal Liability Risk Retention Act of 1986. Rigs are organized as limited liability companies in a single state, with the primary purpose of providing liability insurance to their members in all fifty states, the District of Columbia and U.S. territories. A Delaware RRG Application includes information on the applicant, the proposed RRG, the proposed business plan, and financial information. There are two types of Delaware Risk Retention Group Application: a Standard Application and a Simplified Application. The Standard Application is used for more complex RRG formation applications, while the Simplified Application is used for less complex RRG formation applications.

A Delaware Risk Retention Group (RRG) Application is a document used to apply for a special type of liability insurance company that is created and regulated under the Federal Liability Risk Retention Act of 1986. Rigs are organized as limited liability companies in a single state, with the primary purpose of providing liability insurance to their members in all fifty states, the District of Columbia and U.S. territories. A Delaware RRG Application includes information on the applicant, the proposed RRG, the proposed business plan, and financial information. There are two types of Delaware Risk Retention Group Application: a Standard Application and a Simplified Application. The Standard Application is used for more complex RRG formation applications, while the Simplified Application is used for less complex RRG formation applications.

View A08 Response In Opposition to Defendant's Motions

View this form

View A09 Notice of Voluntary Dismissal

View this form

View A07 Objection To Courts Orders

View this form

View A10 Order of Voluntary Dismissal

View this form

View A01 Complaint for Attachment for work performed at Hotel

View this form

How to fill out Delaware Risk Retention Group Application?

Dealing with official documentation requires attention, precision, and using well-drafted templates. US Legal Forms has been helping people countrywide do just that for 25 years, so when you pick your Delaware Risk Retention Group Application template from our library, you can be sure it complies with federal and state laws.

Dealing with our service is straightforward and fast. To obtain the necessary paperwork, all you’ll need is an account with a valid subscription. Here’s a brief guide for you to get your Delaware Risk Retention Group Application within minutes:

Remember to carefully examine the form content and its correspondence with general and legal requirements by previewing it or reading its description.
Search for another official blank if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
Log in to your account and save the Delaware Risk Retention Group Application in the format you prefer. If it’s your first experience with our website, click Buy now to proceed.
Register for an account, decide on your subscription plan, and pay with your credit card or PayPal account.
Choose in what format you want to obtain your form and click Download. Print the blank or add it to a professional PDF editor to prepare it electronically.

All documents are drafted for multi-usage, like the Delaware Risk Retention Group Application you see on this page. If you need them in the future, you can fill them out without re-payment - simply open the My Forms tab in your profile and complete your document any time you need it. Try US Legal Forms and accomplish your business and personal paperwork rapidly and in total legal compliance!

Form Rating

4.77

Satisfied(363)

Form popularity

FAQ

The principal difference between the two is that a risk retention group retains risks while a risk-purchasing group does not. RRG members are typically required to capitalize the company whereas RPGs require no capital.

RRGs are formed using a combination of state and federal laws under the auspices of the Federal Liability Risk Retention Act (LRRA). All insureds of an RRG must be owners of the RRG, and all owners of the RRG must be insured. RRGs may be formed under a state's captive or traditional insurance laws.

A risk retention group need be licensed and admitted only in its state of domicile, where it is subject to the regulatory requirements and financial status reviews of that state's insurance department.

Issue: Risk Retention Groups (RRGs) are liability insurance companies owned by its members. RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state regulated guidelines.

Which of the following is true regarding a risk retention group? It is a liability insurance company owned by its members.

Registered Risk Retention Groups - A Risk Retention Group (RRG) is a liability insurance company organized for the primary purpose of insuring all, or any portion, of the liability exposure of its group members.

(6) Any risk retention group must submit to an examination by the Commissioner to determine its financial condition if the superintendent or Commissioner of the jurisdiction in which the group is chartered and licensed has not initiated an examination within 60 days after a request by the Commissioner of the District.

The unique aspect of RRGs is that they can be formed under a state's captive or traditional insurance laws. In other words, an RRG may be a captive, or it may be considered a traditional insurance company.

More info

Risk Retention Group - Notice and Registration. You will be required to complete and upload the Purchase Group Part B with your submission.Attach the completed. Submit the Application for Registration as a Risk Retention Group. Submit a copy of its Certificate of Authority from its state of domicile. Information with application filing. If you're curious about captives, it may be beneficial to consider a Risk Retention Group (RRG). WASHINGTON. DC. Risk Retention Group. Registration Instructions. All this information is provided in the completed.

Delaware Risk Retention Group Application

Description

Related forms

How to fill out Delaware Risk Retention Group Application?

Show more info

Form Rating

Form popularity

FAQ

What is the difference between a risk purchasing group and a risk retention group?

Who can form a risk retention group?

Are risk retention groups admitted?

How does a risk retention group work?

Which of the following is true regarding a risk retention group?

Is a risk retention group an insurance company?

What must any risk retention group submit?

Is a risk retention group a captive?

More info

Trusted and secure by over 3 million people of the world’s leading companies