Life & Health · Chapter 1 · Company Types
Risk Purchasing Group (RPG)
Definition
A group that buys liability insurance FROM an insurer on a group basis (the group becomes the master policyholder). It does NOT act as an insurer or retain any risk itself.
Exam tip
RRG retains the risk (it IS the insurer); RPG merely purchases coverage. The R-words tell you which.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms