H.R.4523: Nonprofit Property Protection Act
Overview
The Nonprofit Property Protection Act (H.R. 4532) would expand the insurance allowed under the preemption to state law in the federal Liability Risk Retention Act to include all forms of commercial insurance, excluding health, life, or disability insurance or workers compensation insurance. This expansion would only apply to risk retention groups organized and operated by Section 501(c)(3) nonprofits, licensed in the United States.