### Question
What does exempt commercial purchaser mean?


### Answer
**Exempt commercial purchaser** has the following meaning in *15 U.S.C. § 8206*:

> any person purchasing commercial insurance that, at the time of placement, meets the following requirements:


(A) The person employs or retains a qualified risk manager to negotiate insurance coverage

#### Citation:
  - *15 U.S.C. § 8206*
  - Heading: **CHAPTER 108-STATE-BASED INSURANCE REFORM > SUBCHAPTER I-NONADMITTED INSURANCE**

