Assigned Risk Plan

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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.

References in periodicals archive ?
In such a stressed scenario, if PDVSA were not to honor its obligation of paying the damages, COP would have the right to assign its claim against PDVSA to MSLP (after the amount of damages is confirmed in expert arbitration) in payment or partial payment of Processing Fees; MSLP could then withhold the amount of the assigned claim from distributions to PDVSA.
For example, where the defendant's liability insurer wrongfully denies coverage, the plaintiff who settles with the defendant and then establishes coverage on an assigned claim against the defendant's insurer may be able to obtain a tort settlement from the defendant as well as supplemental damages for indemnity, litigation costs, and attorney fees from the insurer.
The two GEICO associates accepted the award on behalf of their team that developed a Web-based application that assigned claim examiners to vehicle inspections without involving a dispatcher.
Chris Wells, auto damage manager, and Neyah Peterson, a Web developer, both of San Diego, accepted GEICO's award on behalf of their team that developed a Web-based application that assigned claim examiners to vehicle inspections without involving a dispatcher.
We have activated Nationwide's National Catastrophe Team and have assigned claim representatives to the areas hardest hit by the storm," said Kevin George, Nationwide's director of catastrophe claims operations.
MFGH will assume MFGI's corresponding liabilities in connection with the assigned claims, including discovery and document retention obligations
Fresh from a five-week adjuster boot camp in Atlanta, I reported for duty on a Monday morning to my newly assigned claims office in Virginia.
During settlement negotiations in a personal injury case, avoid sending information to the assigned claims adjuster in bits and pieces.
In addition, clients can view the stares of all assigned claims, while forwarding new assignments directly to their subrogation company.
I presided over my assigned claims with a simple, efficient and effective justice system intended to fix inequities.
It assumes that the volume offset is a response to the initial change in practice receipts that would result -- before behavioral responses -- from a change in the effective rates faced by physicians (where effective rates are defined as payment rates on assigned claims, and actual charges on unassigned claims).
Further, reimbursement for assigned claims would also be 100 per cent of the fee schedule, with coinsurance and any deductible waived.