NDMRRG
Nevada Docs Medical Risk Retention Group, Inc. has been
created under authority of Federal Legislation-the Liability and Risk Retention
Act of 1981 and subsequent amendments. This legislation allows homogeneous
groups to form risk-sharing entities with most of the characteristics of a
conventional insurance company. The entity must first be licensed and domiciled
in one state as any insurance company but unlike conventional insurers may
expand into other states without additional licensing.
Each group is required to meet the licensing requirements of
its initial domicile and continue in good standing with that state. Our Group
must submit quarterly and annual reports to the NAIC as well as submit to a
yearly certified audit for the Nevada Division of Insurance.
Each additional state that the group does business in
requires registration prior to doing business in that state. Nevada Docs
Medical Risk Retention Group is domiciled in
Nevada Docs Medical Risk Retention Group, Inc. has been
created with the intention of providing medical malpractice insurance to the
non-surgical physicians of