In some cases, insurance regulators require that insurers contribute toward a __________, which provides coverage for those who may not be able to obtain insurance through the regular insurance markets.

Question

Quizplus · Accepted Answer

Insurance regulators sometimes mandate that insurers contribute to a residual market plan. This plan offers coverage to individuals who are unable to secure insurance through the standard market channels, ensuring that high-risk individuals or properties can still obtain necessary insurance.

In Some Cases, Insurance Regulators Require That Insurers Contribute Toward