A system that requires each insurance company operating in a state to provide coverage to individuals who may have had many expensive claims is referred to as:

Question

Quizplus · Accepted Answer

An assigned risk pool is a system designed to ensure that individuals who may be considered too high risk for standard insurance policies can still obtain coverage. This system requires insurance companies operating in a state to share the burden of covering these high-risk individuals, ensuring they have access to necessary insurance.

A System That Requires Each Insurance Company Operating in a State