LTC insurance - Product Spotlight

Nursing Homes, Dec, 2003

Continuing Care Risk Retention Group, Inc. (CCRRG has formed a new professional ii ability carrier designed to meet the needs of the long term care industry. CCRRG is now licensed as a mutual, industrial insured captive insurance company by the South Carolina Department of Insurance. Formed pursuant to the federal Liability Risk Retention Act of 1986, as amended (LRRA), CCRRG is owned exclusively by its insured members and offers them liability insurance related to the operation of institutional care facilities that provide care and treatment of the elderly. including nursing homes, assisted living facilities, and independent living facilities.

Broker- and agent-accessible, the CCRRG program is designed for the independent owner/operator and smaller chains of facilities. The hallmarks of the program will be careful member selection through vigorous underwriting, proactive risk management, sound claims administration, and use of an innovative claims paid[TM] cow-rage form. CCRRG is the first carrier In introduce this new form of insurance into the long-term care industry.