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 ?
She said: "Labour's fair plans will see 80 per cent of households pay less.
The Authority said the FAIR plans will also generate "a more competitive market for insurance products and empower consumers to make informed decisions through better access to information.
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.
Demonstration project reassessment; 2003-04 budget; possible ballot measure; Lane County Fair plans.
With a record vote of 95-6, the Louisiana House of Representatives has passed a bill combining the Coastal and FAIR Plans under a newly created entity, the Louisiana Citizens Property Insurance Corp.
Coleman said the fair plans to announce three new corporate sponsors within the next several days.
On Wahid's gripe that Indonesia was left out of ASEAN's trade fair plans, the statement said, ''The leaders had agreed to Prime Minister Goh's proposal that ASEAN countries that were less affected by the financial and economic crisis should spearhead host initiatives to restore ASEAN's credibility and attractiveness to investors.
Fair plans to consign its ticket-sales operations to ANA and entrust aircraft management to a company affiliated with Japan Airlines (JAL) and ANA.
QUOTES Tom Falkenbach - Chairman of the Beach and FAIR Plan Boards and Allstate Insurance Company's Field Product Manager for the Southeast Region "The issuance of this catastrophe bond is an important expansion of the NC Beach and FAIR Plans' hurricane loss financing capability.