Risk Retention Amendments of 1986

The Risk Retention Amendments of 1986 is a law enacted on October 27, 1986, to amend the Product Liability Risk Retention Act of 1981. The amendments expand coverage offered by risk retention groups to include liability for damages resulting from various business activities and government operations, excluding personal risk liability and employer's liability under certain circumstances. The law also requires purchasing groups to notify state insurance commissioners of their intention to do business in a particular state and to register with the commissioner as the agent for receiving service of legal documents or process. The amendments clarify permissible state authority regarding risk retention groups and purchasing groups, while stating that nothing in this Act shall be construed to affect the authority of any State to bring an action in any Federal or State court.