Lancet Indemnity RRG Moves Into Voluntary Runoff
As a result of ongoing issues with the Nevada Department of Insurance, Lancet Indemnity, a physician-focused risk retention group, has advised they have moved into voluntary runoff. Effective 6/1/18 Lancet stopped writing new business. All existing business with effective dates prior to 8/1/18 will receive renewal terms. All existing business with effective dates on or after 8/1/18 will be non-renewed. Lancet will not be offering ERP/Tail terms on any policies effective on or after 6/1/18.