Become a Member
Join an engaging community to make connections with industry experts and fellow RRGs/RPGs.
Member Benefits
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NRRA advocates for its members before the state/federal courts, state regulators, the NAIC, and the state and federal legislatures. We fight the battles with you and provide you with the documentation and education to help you to understand, navigate, and deal with the legal challenges RRGs sometimes face.
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NRRA brings the country’s top industry experts, RRGs, RPGs, captive managers, reinsurers, and other service providers together online and in-person. NRRA members have networking access to these top tier experts.
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NRRA members continually work on development of access to risk management tools and insurance products beneficial to their group members. As a NRRA member, you can participate in the cultivation of mutually beneficial and cost-effective solutions to benefit your group.
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NRRA brings diverse expertise to its members and service providers to provide all members with support and actionable takeaways that have already been tested and proven successful by other RRGs. Here are just a few areas of expertise we provide:
Access to a unique premium finance program that saves and makes our members money
Constant Interface with the NAIC on all developing “hot-topic” issues impacting RRGs and RPGs
Better understanding of more widespread legislative issues of your industry niche
Access to NRRA Members Only In-Vision educational programs
RRG/RPG Leaders conference where leaders can share best practices and work collaboratively on issues faced by our niche industry
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NRRA can help its members connect with each other to explore expansion of existing RRGs with companies in the same line of business who are in need of insurance. NRRA can also help its members connect with experts in the field to guide them through the process of adding new group members.
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As members, sponsors and vendors have the opportunity to partner with NRRA on custom programs that find and connect them with new and qualified leads/clientele. A variety of promotion tactics to bring awareness for your company to other members are offered, depending on the package you choose.
Membership Options
Risk Retention Group
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Membership includes the RRG and all direct employees of the RRG.
Newly formed RRGs receive free NRRA membership for the first year, free one-half-year subscription to the Risk Retention Reporter, and a free copy of the Risk Retention Directory.
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Based on Annual Gross Written Premium and starts at $900/year.
Risk Purchasing Group
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Membership includes the RPG and all direct employees of the RPG.
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New Member is $350/year and Renewing Member is $500/year.
Service Provider
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Membership includes the service provider company as well as all direct employees of the service provider company. This membership category excludes Captive Managers and Reinsurers. See above for memberships available to Captive Managers and Reinsurers.
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Membership is $2,100 per year.
Captive Manager
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Membership includes the captive management company and all direct employees of the captive management company, but does not extend to client RRGs or employees of client RRGs.
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Based on number of RRG clients and begins at $2,100/year.
Educational Institution & Students
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Colleges and universities that have academic programs geared to the insurance industry – i.e. mathematics, actuarial, risk management, underwriting, accounting, etc. . . – can choose to join on behalf of their school alone or to join in the Collegiate Research Insurance Shadow Program (CRISP). Schools’ membership includes the school and a select number of their staff members. Under the CRISP program, the schools’ students are also provided membership. Once a student graduates from a CRISP program school, the student can continue membership at a reduced rate as CRISP Alumni member. Qualifications for CRISP-participating schools and young alumni are subject to review by the NRRA executive office
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Non-CRISP program Colleges and Universities pay $1,000/year
CRISP program Colleges and Universities and their CRISP program students are provided free membership
Up to the age of 30, young alumni from CRISP program Colleges and Universities can participate in NRRA for $250 per year.
Reinsurer
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Membership includes the reinsurance company as well as all direct employees of the reinsurance company.
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$3,200/year
Agents and Brokers
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Membership includes the Agent/Broker’s company as well as all direct employees of the company.
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Membership is $2,100 per year.
Self-Insured Groups
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Membership includes the self-insured group company as well as all direct employees of the company.
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Membership is $2,100 per year.
Financial Institutions (Banks)
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Membership includes the bank company as well as all direct employees of the company.
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Membership is $2,100 per year.
* Please note, a portion of membership dues is tax deductible as a business expense. The estimated non-deductible portion of your dues to be expended on lobbying efforts is 30%. For more information regarding Federal Law, please contact your tax adviser.
Membership dues are non-refundable.
Membership Includes
Regulatory education, assistance and intervention from our Government Affairs Committee.
Member “Toolkit” of materials and best practices to help RRGs design business plans, ensure regulatory compliance, adapt to the regulatory environment, craft unique policies, and more.
Access to a Premium Finance Program for RRGs that allows companies deferring premium payments (and even companies that do not allow deferred payments) to dramatically improve their cash flow.
Access to the largest public resource of knowledge on RRGs and the benefits of self-insurance, as well as educational webcasts now being offered to include leaders in the risk retention industry
Access to a multitude of service providers with numerous specialties, as well as captive managers and reinsurers to provide business opportunities for connection or networking with RRG/RPG peers and experts.
Lower member rates to attend the NRRA Annual Conference
25% discount on all ICCE courses
Member e-newsletters and website headlines announcing breaking industry news
Your corporate employees receive all the benefits of membership at no additional charge
What members are saying
“NRRA has specifically been very supportive to me as a program manager by assisting with and providing an Amicus brief, used in responding for defense to a baseless complaint. Without the support of NRRA that would not have been possible.”
— NRRA Member
“Our industry NEEDS NRRA to fight battles both in the courtroom and among regulators who are are hostile to risk retention groups”
— Jon Harkavy, Risk Services, LLC
Who Should Become a Member?
Any person or organization whose business may benefit from knowledge of the dynamic risk retention industry, including:
Risk Retention Groups (RRGs)
Purchasing Groups (RPG)
Captive management companies
Reinsurance companies
Agents and brokers doing business in the industry
Insurance consultants
Accounting firms
Actuaries
Claims management and adjusting firms
Risk management companies
Law firms
Insurance companies
Other companies that provide services to RRGs and RPGs
Educational institutions with insurance-related curricula, and their qualified students.
Financial Institutions
Companies interested in forming an RRG
“Any company that had to hire someone to accomplish what NRRA does for its members on a daily basis would pay tens of thousands of dollars. Compare that to the cost of a NRRA membership and the decision is simple. Your membership makes it possible for NRRA to maintain this effort.”