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.
Assignability of professional negligence claims: look for collusion
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.
Fitch Revises Merey Sweeny's Outlook to Negative; Affirms 'BBB' Senior Debt
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.
Assigned policy rights can increase compensation
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.
GEICO Honors Chris Wells and Neyah Peterson with Corporate Quality Award
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.
GEICO Honors Corporate Quality Award Winners for Their Outstanding Innovations
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.
Avoiding the pitfalls of late investigations: forensic experts can help prevent unforeseen complications
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.
Onboarding new claims staff: best (and worst) practices
The reorganization plan provided for the creation of a state-law trust (the Trust) to take title to, and prosecute, the assigned claims for the Buyers' benefit.
In securities fraud litigation where Plaintiffs included claims that Defendants Swiss Banks violated Swiss banking regulations, Third Circuit vacates dismissal of complaint because recent congressional restrictions on securities class actions in state courts did not preempt state law to extent of preempting Swiss banking laws
During settlement negotiations in a personal injury case, avoid sending information to the assigned claims adjuster in bits and pieces.
Ensure an adequate settlement reserve
In addition, clients can view the stares of all assigned claims, while forwarding new assignments directly to their subrogation company.
Higher yields: how subrogation managers use the Web to recover claims: a subrogation unit may not only experience an increase in recoveries, but also a jump in the speed with which they can recover claims
I presided over my assigned claims with a simple, efficient and effective justice system intended to fix inequities.
In Favor of Tort Reform
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).
Volume responses to exogenous changes in Medicare's payment policies
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