According to these plans, if a company writes 10 percent of the auto insurance business in the state, it has to accept 10 percent of the qualified applicants.Identify these plans.

Question

Quizplus · Accepted Answer

These are auto insurance plans, which are designed to ensure that all drivers have access to auto insurance, especially in states where coverage is mandatory. By requiring companies to accept a proportionate share of applicants based on their market share, these plans help to distribute the risk and responsibility among insurers.

According to These Plans, If a Company Writes 10 Percent