Question

The federal Risk Retention Act of 1986 contains guidelines for which of the following entities?

Answer 1

Answer:

D. risk retention groups

Explanation:

A risk retention group (RRG) was founded as a result of the federal Liability Risk Retention Act and follows the guidelines of the Act which was founded in 1986. A risk retention group are usually state owned by charter. Risk purchasing groups are also founded by this act and follow the guidelines.

They are insurance groups which helps to insure businesses and government bodies against risks of liabilities.