From the 2013 Fire Pump Handbook on NFPA 20 regarding this topic...
4.18.1.2 Where a diesel engine fire pump is installed and where a total of 121 percent of the net rated shutoff (churn) pressure plus the maximum static suction pressure, adjusted for elevation, exceeds the pressure for which the system components are rated, a pressure relief valve shall be installed.
It goes on to say the following...
Prior to the 1996 edition, NFPA 20 required the installation of pressure relief valves for all diesel engine fire pumps. This requirement was based on the assumption that, if engines ran too fast (a condition known as overspeed), the fire protection system would be exposed to pressures in excess of the pressure ratings of the system components. Because an overspeed shutdown device is required, the technical committee believes that a pressure relief valve is not needed on all diesel fire pump installations. Pumps that create pressures less than the pressure rating of the fire protection system components [typically 175 psi (912.1 bar)] at 110 percent of rated speed do not need a pressure relief valve.