What is the purpose of the Fair plan? - ProProfs Discuss
Topics
Products
Follow Us:

What is the purpose of the Fair plan?



A. To see that each member is provided with insolvency insurance and to provide indemnity toward claims of policyholders of that insolvent company
B. The FAIR plan is designed to refulate laws that define insurance and make sure the people are fairly represented
C. The FAIR plan shall establish a list of all surplus line insurers meeting the recognized requirements for such title and shall issue a master list at least semiannually
D. The FAIR plan is a collection of risks to provide fire and extended coverage insurance to individuals who cannot get coverage through regular channels because of environmental hazards

This question is part of Fire & Casualty Practice Exam #1
Asked by Wyatt Williams, Last updated: May 27, 2020

+ Answer
Request

1 Answer

Wyatt Williams

Wyatt Williams

Answered Mar 06, 2018

The FAIR plan is a collection of risks to provide fire and extended coverage insurance to individuals who cannot get coverage through regular channels because of environmental hazards
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.