See CAARP ( California Automobile Assign Risk Program)

This plan provides a means for insureds who are unwanted risks (due to high hazards or poor experience or small premium size, etc.) to secure workers' compensation insurance. In Michigan, this is sometimes called the “Assigned Risk Pool” because policyholders are “assigned” to one of six insurance carriers for their coverage. The “assigned risk pool” has its own schedule of “manual rates” which are revised each year by a governing board of directors representing the insurance industry. (See “Placement Facility.”)

The North Dakota Automobile Insurance Plan is a state-supervised insurance plan available to persons who are unable to obtain such insurance coverage in the regular market. Individual polices are assigned to carriers based on the percentage of the market they share. The cost of this insurance is higher than the regular market.

A mechanism used in some states to insure people who cannot obtain insurance in the voluntary market. There is one rate level and the individual policies are assigned to specific companies according to the percentage of the market they insure.

A state-supervised insurance plan for people who cannot find insurance. Each driver in the plan is assigned to an insurance company. The cost of this insurance is higher than in the regular market.

Automobile insurance in which individuals who can not obtain conventional liability coverage because of their poor driving records are placed in a residual market with insurance companies assigned to write policies for them at higher prices. These plans protect motorists who suffer injury or property damage through the negligence of bad drivers who otherwise would not have insurance.

Sometimes called "the Pool", this is a mechanism established by individual states to make sure that employers can obtain workers' compensation insurance even if insurance companies are not willing to write such insurance on a voluntary basis. Assigned risk plans in many states carry higher rates than the voluntary market.

a type of RESIDUAL MARKET in which the state assigns policies to insurance companies based on their share of the private market for the line of insurance that is the subject of the assigned risk plan.

see Auto insurance plan.

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Apex Services helps employers review their workers' compensation insurance premiums and experience modifications as well as all other premium factors, adjustments and calculations. Our clients are medium, large and Fortune 500 companies across the United States. Some of the industries we have had major success with are health care, construction, manufacturing, staffing and transportation. We work with agents, brokers, employers and their risk managers, HR directors and finance teams, etc. to perform in-depth premium reviews for any company with premiums starting at around $100,000 or more

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Lower your Experience Modification factor for the previous and current years. Your experience modification is a ratio that compares your companies losses to the industry average. If your experience mod is high, you should get it reduced. The lower your Experience Mods, the lower your premiums will be. The lower your overall costs will be. Don’t just accept your experience mod number in your policy, review it to see if there are overcharges. Check your workers compensation experience modification records for the current year and up to six years prior and keep future savings. To obtain the maximum refund, hire a firm to recover overpaid workers comp premiums. Only pay if you get money back. No Recover, No Fee. Find and recover premium overcharges in workers comp policies, current and past. Premium Review Firm who lower employers Workers Compensation insurance premiums without changing agents, brokers or carriers. We find & recover Workers Comp insurance premium overcharges for employers in current and past policies. We do not sell insurance. Independent Review Company specializing in recovering previous workers compensation overcharges and reducing current premium costs. Workers compensation premium recovery audits will help you review, recover and refund overpaid Insurance premiums. Analyze actual audits for premium overcharges. By reviewing your past and current loss records, premiums, workers compensation class codes and your experience modifications. Recover Premium Overpayments Up To Six Years Prior and reduced your workers compensation annual insurance costs. Workers Compensation insurance review, Workers compensation premium audit, Workers compensation overcharges, Workers compensation refunds, workers comp refunds, workers compensation audits, workers comp audits, workers compensation premium recovery, workers comp premium recovery suspect your experience modification factor is high and want to recover overpaid premiums or reduce your workers compensation costs, get your current and prior 6 years policies reviewed for overcharges.