Home Insurance Glossary - Assigned Risk Plans

The Definition of "Assigned Risk Plans" is:

Facilities through which drivers can obtain auto insurance if they are unable to buy it in the regular or voluntary market. These are the most well-known type of residual auto insurance market, which exist in every state. In an assigned risk plan, all insurers selling auto insurance in the state are assigned these drivers to insure, based on the amount of insurance they sell in the regular market.
(See: Residual market)


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A-Share Variable Annuity Absolute Assignment Accelerated Death Benefits Accident And Health Insurance Accidental Death And Dismemberment (AD&D) Benefit Accidental Death Benefit (ADB) Account Receivables Accumulation At Interest Dividend Option Adjustable Life Insurance Adjuster Admitted Assets Admitted Company Adverse Selection Affinity Sales Aftermarket Parts Agency Companies Agent Aleatory Contract Alien Insurance Company Allied Lines Alternative Dispute Resolution (ADR) Alternative Markets Annual Annuity Contract Fee Annual Statement Annuitant Annuitization Annuity Accumulation Phase Or Period Annuity Administrative Charges Annuity Beneficiary Annuity Certain Annuity Contract Owner Annuity Contract Annuity Cost Annuity Date Annuity Death Benefits Annuity Insurance Charges Annuity Investment Management Fee Annuity Issuer Annuity Prospectus Annuity Purchase Rate Annuity Antiselection Antitrust Laws Apportionment Appraisal Arbitration Arson Asset-backed Securities Assets Assigned Risk Plans Assignment Association Group Auto Insurance Policy Auto Insurance Premium Aviation Insurance.
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