Assigned Risk Plan

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Assigned Risk Plan

1. An insurance plan for drivers who otherwise would not be able to obtain automobile insurance. Each state in the U.S. requires insurers to offer automobile assigned risk insurance, at a higher premium than traditional insurance. States assign uninsurable drivers to insurance companies, which must provide coverage. This helps people who, by law, must obtain automobile insurance, but are unable to do so because of poor driving records or other reasons. Critics contend it drives up premiums for all policyholders.

2. In workers' compensation, an insurance plan for workers who perform labor considered so hazardous that an insurance company ordinarily would not insure the worker's place of employment. As with automobiles, states assign uninsurable workers to insurance companies, which must provide coverage, often at higher premiums.
References in periodicals archive ?
By bringing an assigned claim against the defendant's insurer, Warren obtained satisfactory compensation even though his underlying tort claim had been whittled away by affirmative defenses, liens, and other factors.
2) Medicare receipts are a function of allowed amounts on assigned claims, billed amounts on unassigned claims, and the assignment rate -- which might itself change in response to changes in Medicare's payment rates.
But "absent any means of affirmatively requiring physicians to participate in the Medicare program, at least with respect to lab tests, the task force is divided on the merits of limiting reimbursement to assigned claims only.
Assigned Claims Plans -- This is a fund set-up to help you get financial assistance if the driver who is at fault or the one who injured you has no insurance or is underinsured.
Audit claim files to determine that the assigned claims analyst has reviewed and conducted an initial evaluation of a claim within thirty days of receipt of a claim.
Settlement includes alleged punitive damage claims and assigned claims for commercial fishermen and property owners directly affected by oil
The parties have agreed on a proposed class action settlement (the "Settlement") of the class claims and assigned claims against Berkley Insurance Company, formerly known as Signet Star for $1,633,500, American Safety Insurance Services, Inc.
If you held a Thaxton subordinated note on October 17, 2003 or have been assigned claims or rights from such a person, your rights may be affected and you may be entitled to money or benefits.
DCR) assigned claims paying ability ratings of 'AAA' (Triple-A) to the United Services Automobile Association (USAA).
DCR) assigned claims paying ability ratings of 'AAA' (Triple-A) to the National Indemnity Company and the six associated members of the National Indemnity Group (National Indemnity).
DCR) has assigned claims paying ability ratings of 'A+' (Single-A-Plus) to Associated International Insurance Company (Associated) and Deerfield Insurance Company (Deerfield) today.
Intended for use by insurance adjusters in the field, the solution, supported by the Palm OS(r) platform, would allow adjusters to access real-time data about recently assigned claims and customers' policies remotely via the PalmVII series handheld or any Palm handheld using the Mobile Internet Kit with the Palm.