,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #debc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #bf1 #bjai,mr4 ,gre5 ( ,texas 7= himself1 ,mr4 ,lawson ( ,florida1 ,mr4 ,panetta1 ,ms4 ,jackson ,lee1 ,mr4 ,meeks1 ,mr4 ,g>ca ( ,ill9ois1 & ,mr4 ,clay7 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 organizations1 & = 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$-- 7#a7 9 section #b7;a7 7#ae ,u4,s4,c4 #cija7;a77-- 7,a7 9 p>agraph 7#f71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#g77;,b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#h7 comm]cial insurance includes all =ms ( comm]cial insurance1 except t su* t]m does n include heal?1 life1 or disability insurance or work]s comp5sation insurance4 2 7#b7 9 section #c7;b7 7#ae ,u4,s4,c4 #cijb7;b77-- 7,a7 9 p>agraph 7#b71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#c71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+ new p>agraph3 7#d7 subject to subsection 7i7 ( ?is section1 ! provision ( o!r l9es ( comm]cial insurance by a risk ret5tion gr\p to an organization organiz$ & 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#c772 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 2 & 7#c7 9 section #c 7#ae ,u4,s4,c4 #cijb71 by add+ at ! end ! foll[+ new subsection3 7i7 ,/ate au?ority ,to re/rict =ms ( comm]cial insurance o!r ?an liability 7#a7 ,requirem5ts = re/riction ,subject to p>agraph 7#b71 a risk ret5tion gr\p may n comm5ce (f]+ =ms ( comm]cial insurance o!r ?an liability 9 a ,/ate if ! insurance regulatory au?ority = su* ,/ate makes publicly available on a website ( su* au?ority ! id5tities ( ?ree or m lic5s$ admitt$ c>ri]s 9 su* ,/ate t-- 7,a7 h fil$ =ms1 rates1 & rules = monol9e prop]ty cov]age writt5 on ! prop]ty portion ( a bus9ess[n]s policy & monol9e automobile physical damage cov]age2 7,b7 h active 9-=ce policies ( monol9e prop]ty & monol9e automobile physical damage cov]age issu$ to nonpr(it organizations 9 su* ,/ate at ! "t ! in=mation requir$ "u ?is p>agraph is initially made publicly available2 & 7,c7 ! monol9e prop]ty & monol9e automobile physical damage cov]ages (f]$ by ea* su* c>ri] are easily accessible 9 su* ,/ate to nonpr(it organizations ?r\gh ! indep5d5t brok] m>ketplace4 7#b7 ,treatm5t ( risk ret5tion gr\ps ) 9-=ce policies ,any risk ret5tion gr\p hav+ an active1 9-=ce comm]cial insurance policy au?oriz$ 9 subsection 7b77#d7 9 a ,/ate at ! "t t ! in=mation requir$ "u p>agraph 7#a7 = su* ,/ate is initially made publicly available1 %all rema9 au?oriz$ to cont9ue to write comm]cial insurance pursuant to subsection 7b77#d74 7#c7 ,def9ition ,= purposes ( ?is subsection1 ! t]m nonpr(it organization means an organization ) tax-exempt /atus "u section #eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4 #eja7;c77#c774 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