assigned risk plan
A method of providing insurance required by state insurance codes for those
risks that are unacceptable in the normal insurance market. Every state, with
the exception of those that are monopolistic, has a workers compensation assigned
risk plan, which is either a stand-alone entity or part of the competitive state
fund. All insurers writing workers compensation coverage in the voluntary insurance
market must also participate in the plan.
Links for IRMI Online Subscribers Only:
IWC III.D