,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cgid  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #ba1 #bjae    
,mr4 ,ross 7= himself & ,mr4 ,p]lmutt]7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,liability ,risk     
,ret5tion ,act ( #aihf to exp& ! types (
 comm]cial insurance au?oriz$ = risk    
ret5tion gr\ps s]v+ nonpr(it            
organizations & educational in/itutions1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,nonpr(it ,prop]ty
 ,protection ,act 4  #b4 ,comm]cial     
insurance ,! ,liability ,risk ,ret5tion 
,act ( #aihf is am5d$--  7#a7 9 section 
#b7;a7 7#ae ,u4,s4,c4 #cija7;a77-- 7,a7 
9 p>agraph 7#f71 by /rik+ & at ! end2   
7,b7 9 p>agraph 7#g77;,b71 by /rik+ !   
p]iod at ! end & ins]t+ 2 &2 &  7,c7 by 
add+ at ! end ! foll[+ new p>agraph3    
7#h7 comm]cial insurance includes all   
=ms ( comm]cial insurance b does n      
include heal?1 life1 or disability      
insurance or work]s comp5sation         

insurance or express contractual        
obligations ow$ to a consum] z a result 
( a p]sonal1 family1 or h\sehold        
transaction1 :]e a sep>ate consid]ation 
is paid by ! consum] = ! express        
contractual obligation4  2 &  7#b7 9    
section #c7;b7 7#ae ,u4,s4,c4           
#cijb7;b77-- 7,a7 9 p>agraph 7#b71 by   
/rik+ & at ! end2  7,b7 9 p>agraph 7#c71
 by /rik+ ! p]iod at ! end & ins]t+ 2 &2
 &  7,c7 by add+ at ! end ! foll[+ new  
p>agraph3  7#d7 ! provision ( o!r l9es (
 comm]cial insurance by a risk ret5tion 
gr\p to an organization organiz$ &      
op]at$ exclusively = purposes id5tifi$  
"u section #eja7;c77#c7 ( ! ,int]nal    
,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4    
#eja7;c77#c771 provid$ t--  7,a7 ! risk 
ret5tion gr\p s]ves nonpr(it            
organizations ) tax-exempt /atus "u     
section #eja7;c77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4    
#eja7;c77#c77 or educational in/itutions
 & education-relat$ in/itutions t are   
nonpr(it organizations or gov]nm5tal    

entities2  7,b7 ! risk ret5tion gr\p has
 be5 *>t]$ or lic5s$ z an insurance     
company "u ! laws ( a ,/ate & au?oriz$  
to engage 9 ! bus9ess ( insurance "u !  
laws ( su* ,/ate2  7,c7 ! risk ret5tion 
gr\p has engag$ 9 ! bus9ess ( insurance 
pursuant to ! *>t] or lic5se & au?ority 
describ$ 9 subp>agraph 7,b7 = a p]iod n 
less ?an t5 consecutive ye>s2  7,d7 !   
risk ret5tion gr\p ma9ta9s capital &    
surplus ( at lea/ #aj1jjj1jjj1 z        
calculat$ 9 accordance ) acc\nt+        
pr9ciples g5]ally accept$ 9 ! ,unit$    
,/ates2 &  7,e7 ! total insur$ value ( !
 risks cov]$ by ! initial policy = o!r  
=ms ( comm]cial insurance provid$ by a  
risk ret5tion gr\p to any "o memb] ( !  
risk ret5tion gr\p does n exce$         
#ej1jjj1jjj1 provid$ fur!r t--  7i7 !   
am\nt specifi$ 9 ?is p>agraph %all1     
beg9n+ "o ye> aft] ! date ( ! enactm5t (
 ! ,nonpr(it ,prop]ty ,protection ,act &
 on an annual basis !reaft]1 be adju/$  
by a p]c5tage equal to ! e/imat$        
p]c5tage increase1 if any1 9 ! ,consum] 

,price ,index1 :i* adju/m5t %all be     
subject to approval by ! risk ret5tion  
gr\p's domicile /ate regulator2 &  7ii7 
= purposes ( ?is p>agraph1 any          
computation ( total insur$ value %all   
exclude liability insurance cov]age     
provid$ by a risk ret5tion gr\p to any  
memb] z au?oriz$ pursuant to ?is ,act4  
4  #c4 ,con=m+ & cl>ify+ am5dm5ts ,!    
,liability ,risk ,ret5tion ,act ( #aihf 
is fur!r am5d$-- 7#a7 9 section         
#b7;a77#d7 7#ae ,u4,s4,c4               
#cija7;a77#d77--  7,a7 9 subp>agraph    
7,c77i71 by /rik+ a liability & ins]t+  
an2 &  7,b7 9 subp>agraph 7,g7--  7i7 9 
clause 7i71 by ins]t+ or o!r comm]cial  
aft] liability ea* place su* t]m appe>s2
 &  7ii7 9 clause 7ii71 by ins]t+ or o!r
 comm]cial aft] liability2  7#b7 9      
section #c 7#ae ,u4,s4,c4 #cijb7-- 7,a7 
9 subsection 7a77#a77;,c71 by ins]t+ or 
o!r comm]cial aft] liability2 &  7,b7 9 
subsection 7d77#a77;,b71 by ins]t+ or   
o!r comm]cial aft] liability2 &  7#c7 9 
section #f7;b7 7#ae ,u4,s4,c4           

#cije7;b771 by ins]t+ or o!r =ms (      
comm]cial be=e insurance by a risk      
ret5tion gr\p4  #d4 ,am5dm5t to %ort    
title ,section #a ( ! ,liability ,risk  
,ret5tion ,act ( #aihf 7#ae ,u4,s4,c4   
#cija note7 is am5d$ by /rik+ ,liability
 ,risk ,ret5tion ,act ( #aihf & ins]t+  
,risk ,ret5tion ,act ( #aihf4