Page:United States Statutes at Large Volume 100 Part 4.djvu/249

 PUBLIC LAW 99-563—OCT. 27, 1986

100 STAT. 3177

(2) the extent to which the structure of regulation and preemption established by this Act is satisfactory; (3) the extent to which, in the implementation of this Act, the public is protected from unsound financial practices and other commercial abuses involving risk retention groups and purchasing groups; (4) the causes of any financial difficulties of risk retention groups and purchasing groups; (5) the extent to which risk retention groups and purchasing groups have been discriminated against under State laws, practices, and procedures contrary to the provisions and underlying policy of this Act and the Product Liability Risk Retention Act (as amended by this Act); and (6) such other comments and conclusions as the Secretary deems relevant to assessment of the implementation of this Act. SEC. 11. EFFECTIVE DATE; APPLICABILITY.

(a) GENERAL RULE.—Subject to subsection (b), this Act shall take effect on the date of its enactment. (b) SPECIAL RULE REGARDING FEASIBILITY STUDY.—The provisions of section 3(d) of the Liability Risk Retention Act of 1986 (as added by section 5(b) of this Act), relating to the submission of a feasibility study, shall not apply with respect to any line or classification of liability insurance wMch— (1) was defined in the Product Liability Risk Retention Act of 1981 before the date of the enactment of this Act; and (2) was offered before such date of enactment by any risk retention group which has been chartered and operating for not less than 3 years before such date of enactment.

15 USC 3901 note. 15 USC 3901 note.

15 USC 3901 note.

(c) RULE REGARDING POLLUTION LIABILITY.—

(1) Section 210 of the Superfund Amendments and Reauthorization Act of 1986 is amended by inserting "(a)" following "Pollution Liability Insurance" and adding at the end thereof the following: "(b) For purposes of subsection (a) of this section, the powers and authorities of States addressed by the Risk Retention Amendments of 1986 are in addition to those of this Act.". (2) Nothing in this Act shall be construed, interpreted or applied to diminish the obligations of any person to establish or maintain evidence of financial responsibility or otherwise comply with any of the requirements of Federal environmental laws, including but not limited to the (I!omprehensive Environmental Response, C!ompensation and Liability Act of 1980 and the Solid Waste Disposal Act. SEC. 12. T E C H N I C A L AND CONFORMING AMENDMENTS.

(a) I N THE SHORT TITLE.—Section 1 (15 U.S.C. 3 9 0 1, note) i s

Ante, p. 1716.

42 USC 9671 note. 15 USC 3901 note.

42 USC 9601 note. 42 USC 6901 note. Ante, p. 3170.

amended to read as follows: SHORT TITLE "SECTION 1. This Act may be cited as the 'Liability Risk Retention

Act of 1986'." (b) IN SECTION 2(b).—Section 2(b) (15 U.S.C. 3901(b)) is amended by striking "product liability and product liability insurance" and inserting "liability, personal risk liability, and insurance".

Liability Risk Retention Act of 1986.

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