Whatever the future holds for HCSMs under PPACA's regulatory regime, PPACA most likely will preempt the state regulation of HCSMs under the legal standards of the McCarran-Ferguson Act and the LRRA
's analogous legal principles.
strictly limits the regulatory authority of states other than the state in which an RRG is licensed.
This will be a reintroduction of SIIA-backed LRRA
legislation that was considered in the House last year but failed to attract a sponsor in the Senate.
Through the Liability Risk Retention Act (LRRA
), Congress partly preempted state insurance law to create a single-state regulatory framework for RRGs, although RRGs are multistate insurers.
Sinnott, founder of Larrea BioSciences Corporation (LRRA
) and holder of five U.S.
NAA/NMHC Position: NAA/NMHC urge Congress to expand the Liability Risk Retention Act of 1986 (LRRA
) to permit the formation of Risk Retention Groups (RRGs) for property coverage.
The Liability Risk Retention Act (LRRA
) is a federal law that Congress passed in 1986 to provide a vehicle through which all types of third-party liability-insurance coverage--including malpractice insurance for providers of professional services, such as medicine and law--can be obtained.
(YAM606) DAVID KALENUIK - LARREA BIOSCIENCES CORPORATION (LRRA
Part I of this article, which appeared in the January 2003 issue of Risk Management Magazine, made the case for reforming the Liability Risk Retention Act of 1986 (LRRA
) so that state regulators could no longer use the legislation's loopholes to constrain the operations of risk retention groups (RRGs) and discourage their formation.
In 1994 the Litter and Recycling Research Association (LRRA
) boasted an average participation rate of 68 per cent across Melbourne and 64 per cent for Victoria.
Rescue 1122 DG Dr Rizwan Naseer, Additional Commissioner Lahore Mohammad Suhail Khawaja, CTO Lahore Captain (r) Liaqat Ali, Professor Attique Ahmed NCA, Chief Engineer LDA Mazhar Khan, R A Qazi DPM NESPAK and officers of PSCA, Highways, Urban Unit, TEPA, LRRA
and police participated in meeting.