Product Liability Risk Retention Act of 1979: Hearing Before the Committee on Commerce, Science, and Transportation, United States State, Ninety-Sixth ... April 22 and July 30, 1980 (Classic Reprint) - Softcover
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Excerpt from Product Liability Risk Retention Act of 1979: Hearing Before the Committee on Commerce, Science, and Transportation, United States State, Ninety-Sixth Congress, Second Session on S. 1789 and H. R. 6152, April 22 and July 30, 1980
The chairman. The hearing will come to order. Today we are holding hearings on S. 1789, the Risk Retention Act, one of the administration's proposals for addressing the product liability prob lems faced by businesses, particularly small businesses. The Risk Retention Act is intended to provide businesses with an alternative means of obtaining product liability insurance coverage. It does this by permitting product sellers to form self-insured co-ops called risk retention groups, which may cover all or part of their member product liability risk.
We are pleased to have a number of witnesses this morning representing a broad cross section of business: consumer, legal, and insurance industry views.
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Product Liability Risk Retention Act of 1979 (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book presents the Risk Retention Act, a significant piece of legislation that allows businesses to safeguard themselves against product liability claims by forming self-insured cooperatives called risk retention groups. The act's main objective is to provide a cost-effective and flexible alternative to traditional insurance for businesses, particularly small businesses, that struggle with the rising costs of product liability insurance. By empowering businesses to form risk retention groups, the Risk Retention Act aims to promote competition among product liability insurers, reduce the outflow of capital to offshore jurisdictions, and facilitate the prompt payment of valid claims for individuals harmed by products. The book also explores the legal and regulatory framework surrounding the formation and operation of risk retention groups, offering valuable insights into the complexities of product liability law. Overall, this book provides a comprehensive understanding of the Risk Retention Act and its implications for businesses, insurers, and consumers alike, making it an essential resource for anyone seeking to navigate the intricate world of product liability risk management. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781331711575_0
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Product Liability Risk Retention Act of 1979 Hearing Before the Committee on Commerce, Science, and Transportation, United States State, NinetySixth April 22 and July 30, 1980 Classic Reprint
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331711575
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Product Liability Risk Retention Act of 1979 Hearing Before the Committee on Commerce, Science, and Transportation, United States State, NinetySixth April 22 and July 30, 1980 Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331711575
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