Type of auto insurance plan that gives the ability to obtain insurance from a pool of insurers to individuals that have previously been denied insurance coverage based on risk factors. All licensed insurers must participate in this type of plan and are allowed to determine their own rates. Individuals cannot be denied for this type of plan and the fees are usually much higher than regular auto insurance plans.
Related information about assigned risk plan:
- Assigned Risk Plan - Legal Dictionary - The Free Dictionary
An insurance plan created and imposed by state statute under which persons who normally would be denied insurance coverage as bad risks are permitted to ...
- California Automobile Assigned Risk Plan - Aipso.com
The CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN (CAARP) was created in 1947 by the state legislature with the essential purpose to provide automobile ...
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The Pennsylvania Assigned Risk Plan (PA ARP or the "Plan") was established pursuant to Subchapter D of Chapter 17 or Title 75 (75 Pa. C.S., Vehicle Code of ...
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Definition of assigned risk plan: Type of auto insurance plan that gives the ability to obtain insurance from a pool of insurers to individuals that have previously ...
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Source of workers compensation and employers liability coverage for Minnesota employers who have been unable to secure other coverage through the ...
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Oregon's Assigned Risk Plan is administered by the National Council on Compensation Insurance (NCCI) at the direction of the Oregon Department of Business ...
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Jan 1, 2013 ... Compensation Assigned Risk Plan section and ACORD®130 Workers Compensation Application. For questions relating to the Arizona Plan ...
- assigned risk plan - Insurance Glossary
assigned risk plan - method of providing insurance required by state insurance codes for those risks that are unacceptable in normal insurance market.