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 ?
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.
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.
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.
Most courts also permit an injured plaintiff to recover from the defendant's insurer on an assigned claim despite the covenant to seek relief only from the insurer.
Instead of an adjuster being in control of the assigned claims, contract repairers or other outside service providers take charge of claims.
The child's family agreed not to collect damages from Dolan and Eleanor Lancaster, except as necessary to prosecute the assigned claims.
Defense counsel must obtain prior approval of the assigned claims professional after extensive discussion as to the chance of prevailing on such a motion.
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.
Foremost among these is the Advance Funding program which pays physicians on their assigned claims within 72 hours.
In consideration for this assignment, Nycal has agreed to pay $1 million to the Trustees and to prosecute the assigned claims against IBZ at its own cost.
The assigned claims include those for fraudulent conveyance and other claims under the Bankruptcy Code not available to the company suing on its own behalf.