Home Insurance Glossary - Insurance Pool

The Definition of "Insurance Pool" is:

A group of insurance companies that pool assets, enabling it to provide an amount of insurance substantially more than can be provided by an individual company to insure large risks such as nuclear power stations. Pools may be formed voluntarily or mandated by the state to cover risks that can't obtain coverage in the voluntary market such as coastal properties subject to hurricanes.
(See: Beach and wind storm plans - Fair access to insurance requirements plans / FAIR plans - Joint underwriting association / JUA)


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