Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to handle liability insurance.

"Risk Retention Groups" In Context

"Best’s Credit Ratings are a means of assessing the financial strength and creditworthiness of captives, risk-retention groups, self-insurance pools and trusts, large-capacity facilities, protected cell companies and specialized reinsurers. Learn more ..."