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 ?
36) However, the court went on to observe that "the majority of courts having addressed this issue have elected to allow such an assigned claim to proceed.
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 assigned claim adjuster immediately dispatched a representative (not necessarily a qualified expert) to the site of the loss to investigate and verify the damage.
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).