Risk Retention Groups: Survey of State Regulators (GAO-12-17SP, December 2011), an E-supplement to GAO-12-16
Read the Full Report: Risk Retention Groups: Clarifications Could Facilitate States' Implementation of the Liability Risk Retention Act (GAO-12-16).
This e-publication supplements our report, Risk Retention Groups: Clarifications Could Facilitate States' Implementation of the Liability Risk Retention Act (GAO-12-16). The purpose of this e-publication is to provide information from a Web-based survey of state insurance regulators.
The survey was designed to obtain information on states' rules and regulations for risk retention groups operating in those states. We administered the survey between May and July 2011. It was similar to one we conducted in July 2004. The survey was sent to the insurance regulators of all 50 states and the District of Columbia. We received responses from 49 states and the District of Columbia, but one state's responses were incomplete and we therefore omitted them from our results. See our full report (GAO-12-16) for a more detailed discussion of our scope and methodology.
Survey results in this e-publication are presented in aggregate form so that no individual state's responses can be identified. We summarized respondents' answers to most open-ended questions. In addition, for some questions we placed respondents' written answers into one of several categories we developed based on the responses we received, and then presented the number of responses for each category. We intentionally did not provide responses for those questions that were difficult to summarize or would have identified respondents.
We conducted this performance audit from October 2010 to December 2011 in accordance with generally accepted government auditing standards. Those standards require that we plan and perform the audit to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. We believe that the evidence obtained provides a reasonable basis for our findings and conclusions based on our audit objectives.
|Section I: Your Role as a Domiciliary State Regulator and Requirements for RRGs Domiciled in Your State||View||View|
|Section II, Part A: Your Role as a Host State Regulator For RRGs Operating and Insuring||View||View|
|Section II, Part B: Your Role as a Host State Regulator For RRGs Operating and Insuring||View||View|
|Section III: Your Applicable Fees, Taxes and Registration Requirements||View||View|
|Section IV: Regulatory Experiences||View||View|
|Section V: Opinions on the Risk Retention Act||View||View|
|Submit your responses to GAO||View||View|
Alicia Puente Cackley at email@example.com or 202-512-7022
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