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NRRA APPLAUDS INTRODUCTION OF H.R. 5792

Minneapolis, MN - April 17, 2009 -- The National Risk Retention Association ("NRRA") applauds the introduction of the "Increasing Insurance Coverage Options for Consumers Act of 2008" (H.R. 5792), which would, if enacted, expand the authority of risk retention groups ("RRGs") to provide commercial property in addition to commercial liability insurance.

"H. R. 5792 is a good first step", said Wendy Fisher, Chair of NRRA's Government Affairs Committee. "NRRA supports good governance for RRGs, and this legislation sets guidelines for it. Moreover, it helps to clarify the limitation on the regulatory authority of states where the RRG may do business but is not be chartered."

"The ability to offer property in conjunction with liability coverage will be a benefit to members of RRGs, which now have to obtain their property insurance from another carrier," said Rebecca Smart, NRRA's Chair of the Board. "It will simply be more efficient to do both as part of the underwriting process".

"NRRA is an association of members with dedicated professional individuals who are willing to assist newcomers and non-members in order to advocate for the rights of RRGs and PGs. The Board and committee members devote tireless energy to supporting the causes of the organization including addressing legal and regulatory issues as well as providing educational opportunities. All RRGs and PGs should become members of this organization," commented Rebecca Smart, Chair-Elect of NRRA and General Counsel of Lenders Protection Assurance Company, RRG.

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