Assigned Risk Plan

1 minuteread by Gary Huddleston

Assigned Risk Plan — a method of providing insurance required by state insurance codes for those risks that are unacceptable in the normal insurance market. Every state, with the exception of those that are monopolistic, has a workers compensation assigned risk plan, which is either a stand-alone entity or part of the competitive state fund. All insurers writing workers compensation coverage in the voluntary insurance market must also participate in the plan.

1 minuteread by Gary Huddleston

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