assigned risk plan
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 purchase insurance from a pool of insurers who must offer coverage to such individuals.

Dictionary from West's Encyclopedia of American Law. 2005.


assigned risk plan
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 purchase insurance from a pool of insurers who must offer coverage to such individuals.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

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