U.S Code last checked for updates: May 06, 2024
All TitlesTitle 42Chapter 103Subchapter IV
§ 9671.
Definitions
As used in this subchapter—
(1)
Insurance
(2)
Pollution liability
(3)
Risk retention group
The term “risk retention group” means any corporation or other limited liability association taxable as a corporation, or as an insurance company, formed under the laws of any State—
(A)
whose primary activity consists of assuming and spreading all, or any portion, of the pollution liability of its group members;
(B)
which is organized for the primary purpose of conducting the activity described under subparagraph (A);
(C)
which is chartered or licensed as an insurance company and authorized to engage in the business of insurance under the laws of any State; and
(D)
which does not exclude any person from membership in the group solely to provide for members of such a group a competitive advantage over such a person.
(4)
Purchasing group
(5)
State
(Pub. L. 96–510, title IV, § 401, as added Pub. L. 99–499, title II, § 210(a), formerly § 210, Oct. 17, 1986, 100 Stat. 1716; renumbered § 210(a), Pub. L. 99–563, § 11(c)(1), Oct. 27, 1986, 100 Stat. 3177.)
cite as: 42 USC 9671
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