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Assigned Risk Plan

   Also found in: Financial, Acronyms 0.02 sec.

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.



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He has served on the original Workers' Compensation Oversight Board, the Workers' Compensation Assigned Risk Plan, and as an alternate member of the WCJUA.
Other states that have gone to less regulated markets have seen their assigned risk plans shrink.
A member of California's Assigned Risk Plan Board of Directors, he was awarded a Fellowship in the Casualty Actuarial Society in 1998.
 
 
 
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