Fair Plan

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Fair Plan

A program in several American states by which the state government provides or subsidizes insurance on properties that otherwise would be uninsurable because they are in high risk areas. For example, a fair plan may insure a coastal property in a hurricane area. As with all insurance, the policyholder must pay a premium to receive the coverage.
References in periodicals archive ?
California is one of 30 states that operate FAIR plans to serve consumers who find they cannot get adequate coverage in the market.
Lightspeed Data Solutions has spent over 20 years improving the workflow productivity of asset managers, guaranty funds, and FAIR plans.
The post Dubai Design District outlines London Design Fair plans appeared first on Middle East Construction News .
Reinsurance will he available to residential and business property owners in states that set up so-called "FAIR plans" with state financial back-up commitments.
The Minnesota State Fair plans to have a new employment office up and running in time to staff this summers event and help find workers for its vendors.
She said: "Labour's fair plans will see 80 per cent of households pay less.
MANAMA: UAE-based apparel firm Emirates Fine Fair plans to invest $20 million in Bahrain over the next two years as it expands its family fashion brand, Fine Fair, across the kingdom.
And the reason the Fair plans are at a historic low, agents say, is because excess and surplus lines have swept in where standard carriers have stepped out.
says of the 31 FAIR plans for which data is available, 28 have incurred at least one operating deficit since 1999.
FAIR plans' exposures dipped to $612.2 billion in 2008, down slightly from the $684.8 billion in 2007.
States responded by establishing Fair Access to Insurance Requirements plans, sometimes called assigned-risk pools or FAIR plans, to serve people unable to purchase property insurance in the voluntary market because of excessive risk that may be beyond their control.