Nonprofit Property Protection Act

Summary

Nonprofit Property Protection Act This bill: amends the Liability Risk Retention Act of 1986 to rename it the Risk Retention Act of 1986; and exclude from "commercial insurance" covered by the Act any health, life, or disability insurance or workers compensation insurance or express contractual obligations owed to a consumer as a result of a personal, family, or household transaction, where the consumer pays a separate consideration for the express contractual obligation. The bill expands the kinds of state laws pertaining to business insurance from which a risk retention group shall be exempt to include laws pertaining to other lines of commercial insurance offered by a risk retention group to an entity organized and operated exclusively as a federal tax-exempt nonprofit charitable or educational institution, as long as the group meets specified criteria.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 October 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 21 October 2015

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• Introduced in House

  summary · EN · 21 October 2015

  Open at official source

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