The-definition.com

Definition

Assigned Risk Plan

Assigned Risk Plan is a state-managed auto insurance plan for individuals who cannot obtain conventional liability coverage because of poor driving records.

Share it:  Cite

More from this Section

  • Financial Responsibility Law
    Financial Responsibility Law is a law requiring the owner of a vehicle to show proof of ...
  • Collateral
    Collateral is asset (such as a vehicle) pledged to a lender until a loan is repaid. If ...
  • Height
    Height is the distance between the tallest part of a vehicle and level ground. ...
  • Solvent
    Solvent is a liquid, usually volatile, that is used to reduce paint or primer viscosity. ...
  • HCCI
    HCCI are homogeneous charge compression ignition. An internal combustion engine in which ...