Hearing on Insurance Availability for Nonprofits
January 1, 2021
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The Frame
The proposed Nonprofit Property Protection Act (H.R. 4523) would expand the types of insurance coverage that risk retention groups can offer to small and midsized nonprofits, potentially increasing their access to property insurance.
Potentially affected actors named in the source documents. Mention is not a position.
Small and midsized 501(c)(3) nonprofits
The bill would expand the types of insurance coverage available to these organizations through risk retention groups.
Risk Retention Groups (RRGs)
The bill would authorize these groups to expand their service offerings to include property insurance for nonprofit members.
Last recorded activity January 1, 2021.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on January 29, 2020, by the Subcommittee on Housing, Community Development, and Insurance.
- The primary subject was H.R. 4523, the Nonprofit Property Protection Act.
- The bill proposes allowing risk retention groups (RRGs) to provide property insurance to small and midsized 501(c)(3) nonprofits.
- Currently, RRGs are primarily authorized to provide liability insurance to their members.
- The hearing addressed the limited availability of property insurance options for small nonprofits.
Frequently Asked Questions
What is a risk retention group (RRG)?
What would H.R. 4523 change for nonprofits?
Why It Matters
The proposed Nonprofit Property Protection Act (H.R. 4523) would expand the types of insurance coverage that risk retention groups can offer to small and midsized nonprofits, potentially increasing their access to property insurance.
News Coverage
Sponsors
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Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Expansion of RRG Authority
The hearing highlights a legislative effort to broaden the scope of insurance products that risk retention groups are permitted to offer.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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