Geisinger Insurance Corporation Risk Retention Group

Geisinger Insurance Corporation, Risk Retention Group (the company) is a self-insurance funding vehicle for affiliated entities, and as such an integral part of each of their nonprofit, charitable healthcare operations. The company was formed primarily to address the lack of medical professional liability coverage in the commonwealth of Pennsylvania, and to enable Geisinger to comply with the Pennsylvania medical care availability and reduction of error act (mcare) (1), which requires Pennsylvania physicians and healthcare institutions to obtain primary professional liability coverage from a qualified self-insurance trust or an insurer licensed to provide such liability coverage in pennslyvania. The company is organized and operated as a nonprofit membership Corporation under the Vermont nonprofit Corporation act, title 11b of the Vermont statues annotated. The company's membership is limited to the following member organizations of Geisinger, each of which is insured by the company: Geisinger medical center Geisinger community health services Geisinger Wyoming valley medical center Geisinger clinic community medical center dba: Geisinger community medical center geisinger-bloomsburg hospital geisinger-lewistown hospital family health association of geisinger-lewistown hospital Geisinger jersey shore hospital Geisinger medical center muncy the company provides medical professional liability coverage exclusively to the Geisinger 501(c)(3) member affiliates.