A risk purchasing group
comprises insurance buyers who band together, typically on a national basis, to purchase their liability insurance coverage from an insurance company, including a company operating on an admitted basis, a surplus lines basis, or a risk retention group.
Howard Greene, RIMS director of governmental affairs, spoke in favor of the bill (see last month's RM Spectrum) but recommended several amendments, including permitting associated and parent organizations to assist in capitalizing a risk retention group without becoming an insured or group member; permitting an association or sponsoring entity to own a risk retention group even if some of its members are not members of the group; adding surety bonds to the definition of insurance; clarifying securities laws exemption provisions to include groups set up under a holding company structure; and clarifying purchasing group provisions to ensure that insurers of purchasing groups meet capital and surplus requirements in a single state only.
He did, however, say the NAIC favored provisions that required minimum financial requirements regarding purchasing group insurers and possibly risk retention groups.
Once the home builder understands the liability for employees' injuries and looks at the reduced cost offered by an affinity purchasing group
, the business decision is clear," says Anne Davis, vice president of sales and marketing for HIA, Dallas.
This relationship with Premier, which has become our primary purchasing group
, has been extremely beneficial.
Today, Texas Mutual Insurance Company announced a purchasing group
dividend(a) to TGI in excess of $72,000.
DALLAS -- Response to the newly created Texas Green Industry (TGI) purchasing group
has exceeded all expectations, according to Texas Mutual Insurance Company, the group's underwriting carrier.
HMA is a member of HealthTrust Purchasing Group
, one of the nation's largest healthcare purchasing groups
, with more than 1,000 members.
National Purchasing Alliance (NPA), with offices in Irvine, CA and Knoxville, TN, is a national alliance of purchasing groups
and has been serving hospitals and other care facilities since 1987.
HIA) announced today that the Texas Home Builders (THB) Workers' Compensation Purchasing Group
members will have access to a new workers' comp health care network option offered by Texas Mutual Insurance Company.
HIA) announced its newest workers' compensation purchasing group
today: the Texas Home Builders Workers Compensation Group (THB-WC Group).
By giving users the ability to track and analyze incentive programs at virtually any level -- by customer, product category, line item, region, brand, purchasing group
, contract, program type, or any combination thereof -- it provides manufacturers with the tools and hard data needed to understand which types of programs work best with different products, customers, or objectives.