100 STAT. 3170
PUBLIC LAW 99-563—OCT. 27, 1986
Public Law 99-563 99th Congress An Act
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Oct. 27, 1986 [S. 2129]
To amend the Product Liability Risk Retention Act of 1981 to include coverage of other lines of liability insurance, and for other purposes.
Risk Retention Amendments of
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
1986. State and local governments.
SECTION 1. SHORT TITLE.
15 USC 3901 note.
This Act may be cited as the 1986".
Risk Retention Amendments of
SEC. 2. REFERENCES IN THE ACT.
Whenever in this Act an amendment is expressed in terms of an amendment to a section, the reference shall be deemed to be a reference to the Product Liability Risk Retention Act of 1981 (15 U.S.C. 3901 et seq.), unless otherwise provided. SEC. 3. COVERAGE OFFERED BY RISK RETENTION GROUPS.
(a) EXPANSION OF COVERAGE.—Section 2(a) (15 U.S.C. 3901(a)) is amended— (1) by striking paragraphs (1) and (3); (2) by redesignating paragraph (2) as paragraph (1); and (3) by inserting after paragraph (1), as so redesignated, the following new paragraphs: "(2) 'liability'— "(A) means legal liability for damages (including costs of defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of^ "(i) any business (whether profit or nonprofit), trade, product, services (including professional services), premises, or operations, or "(ii) any activity of any State or local government, or any agency or political subdivision thereof; and "(B) does not include personal risk liability and an employer's liability with respect to its employees other than legal liability under the Federal Employers' Liability Act (45 U.S.C. 51 et seq.); "(3) 'personal risk liability' means liability for damages because of injury to any person, damage to property, or other loss or damage resulting from any personal, familial, or household responsibilities or activities, rather than from responsibilities or activities referred to in paragraphs (2)(A) and (2)(B);". (b) DEFINITIONS.—Such section is further amended— (1) by striking "and" at the end of paragraph (5); (2) by striking the period at the end of paragraph (6) and inserting "; and"; and (3) by adding at the end thereof the following new paragraph:
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