Alan has been involved in three accidents and has been ticketed for a number of driving violations.He tried to purchase auto insurance,but three insurers refused to sell him coverage.The generic name for state plans designed to insure drivers like Alan is the

Question

Quizplus · Accepted Answer

The residual market is a state plan designed to insure drivers who are considered high-risk and have difficulty obtaining coverage through the voluntary market. Alan's multiple accidents and driving violations make him a riskier driver, and therefore the three insurers refused to sell him coverage through the voluntary market.

Alan Has Been Involved in Three Accidents and Has Been