Assigned Risk Plan

Written by  //  June 22, 2011  //  Insurance Glossary: A-D, Insurance Terms  //  No comments

Drivers unable to get insurance in the voluntary market because of their driving history are assigned to a specific insurance company who must provide coverage for the assigned driver for a specific period of time. The number of drivers assigned to each licensed insurance company is determined by the company’s share of the voluntary auto insurance market.

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