Question

In which of the following countries did the Risk Retention Group originate?

a.

The US

b.

The UK

c.

India

d.

China

Posted under IC85 Reinsurance Management

Answer: (a).The US Explanation:The Risk Retention Group originated in the United States. Risk Retention Groups are specialized insurance entities that were created under the provisions of the federal Liability Risk Retention Act of 1986 in the United States. These groups allow policyholders with similar risk profiles to form their own insurance companies to provide coverage for their collective risks.

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Q. In which of the following countries did the Risk Retention Group originate?
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