Terms Used In U.S. Code > Title 15 > Chapter 65 - Liability Risk Retention

• hazardous financial condition: means that, based on its present or reasonably anticipated financial condition, a risk retention group is unlikely to be able&mdash. See 15 USC 3901
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk which is determined to be insurance under applicable State or Federal law. See 15 USC 3901
• personal risk liability: means liability for damages because of injury to any person, damage to property, or other loss or damage resulting from any personal, familial, or household responsibilities or activities, rather than from responsibilities or activities referred to in paragraphs (2)(A) and (2)(B). See 15 USC 3901
• purchasing group: means any group which&mdash. See 15 USC 3901
• risk retention group: means any corporation or other limited liability association&mdash. See 15 USC 3901
• State: means any State of the United States or the District of Columbia. See 15 USC 3901