1. Short title This Act may be cited as the Nonprofit Property Protection Act . 2. Commercial insurance The Liability Risk Retention Act of 1986 is amended— (1) in section 2(a) ( 15 U.S.C. 3901(a) )— (A) in paragraph (6), by striking and at the end; (B) in paragraph (7)(B), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new paragraph: (8) commercial insurance includes all forms of commercial insurance, except that such term does not include health, life, or disability insurance or workers compensation insurance. ; (2) in section 3(b) ( 15 U.S.C. 3902(b) )— (A) in paragraph (2), by striking and at the end; (B) in paragraph (3), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new paragraph: (4) subject to subsection (i) of this section, the provision of other lines of commercial insurance by a risk retention group to an organization organized and operated exclusively for purposes identified under section 501(c)(3) of the Internal Revenue Code of 1986 ( 26 U.S.C. 501(c)(3) ), provided that— (A) the risk retention group serves nonprofit organizations with tax-exempt status under section 501(c)(3) of the Internal Revenue Code of 1986 ( 26 U.S.C. 501(c)(3) ); (B) the risk retention group has been chartered or licensed as an insurance company under the laws of a State and authorized to engage in the business of insurance under the laws of such State; (C) the risk retention group has engaged in the business of insurance pursuant to the charter or license and authority described in subparagraph (B) for a period not less than ten consecutive years; (D) the risk retention group maintains capital and surplus of at least $10,000,000, as calculated in accordance with accounting principles generally accepted in the United States