A Risk Retention Group is an insurance company whose primary purpose is assuming and spreading the liability exposures of its members. The members own the risk retention group and obtain all or part of their liability insurance through the group. Because the members are engaged in similar activities, their liability exposures are related. Risk retention groups are not covered by the Virginia Property and Casualty Insurance Guaranty Association, so if the risk retention group becomes insolvent, its insureds cannot rely on the safety net provided by the guaranty fund. Please refer to Question 14 under the Frequently Asked Questions (FAQs) for additional information.Please be aware that although a company is authorized, it may not necessarily write your business. If you are having problems with availability, it is suggested that you contact your local agent or the Bureau at Bureau of Insurance or (804) 371-9741.Some companies have provided us with a link to that company's website. The fact that a link is provided should not be considered an endorsement by the Bureau of the company, its products, the views expressed or the facts presented on that company's website.
Please be aware that although a company is authorized, it may not necessarily write your business. If you are having problems with availability, it is suggested that you contact your local agent or the Bureau at Bureau of Insurance or (804) 371-9741.Some companies have provided us with a link to that company's website. The fact that a link is provided should not be considered an endorsement by the Bureau of the company, its products, the views expressed or the facts presented on that company's website.