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15 U.S.C. § 3901

Definitions

United States · Title 15 — COMMERCE AND TRADE · Status: effective

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15 U.S.C. § 3901, Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/441874
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Full text

As used in this chapter— “liability”— means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of— “risk retention group” means any corporation or other limited liability association— which— which— has as its sole owner an organization which has as— whose activities do not include the provision of insurance other than— “purchasing group” means any group which— “hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk retention group is unlikely to be able—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 97-45(H.R. 2120)1981-09-25
    Product Liability Risk Retention Act of 1981
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 98-193(S. 1046)1983-12-01
    A bill to clarify the applicability of a provision of law regarding risk retention.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 99-563(S. 2129)1986-10-27
    Risk Retention Amendments of 1986
    House: no recorded tallySenate: no recorded tally