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A
Risk Retention Group is an insurance company permitted
under the Risk Retention Act of 1986. It is a form of
captive, owned and capitalized by its policyholders, all
of which are in a common industry.
The
primary mission of a ETRRG is to provide its owners with
stable, reliable and affordable insurance coverage.
Because it is owned by the transportation companies
themselves, Elite's insureds are serviced by claims and loss prevention
professionals with specific expertise in the
transportation industry. The ETRRG mechanism is designed
to provide long-term, stable
pricing
not common in the traditional
insurance industry.
For midsize carriers, a well-managed Risk
Retention Group is an enticing alternative to
traditional insurance.
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