A plan instituted by the federal government, similar to stop loss reinsurance. If a property owner, whether commercial or residential, cannot obtain property insurance, he or she can apply to an insurance agent who works for a FAIR Plan insurer. Should the property be found acceptable, he or she will be insured. If not, the company will suggest improvements to the property, and will insure it after the improvements are made.
Related information about Fair Access to Insurance Requirements (FAIR) Plan:
- Fair Access to Insurance Requirements (FAIR) Plan: Definition from ...
Type of insurance coverage offered to inner-city business owners or homeowners who cannot purchase property insurance through conventional means.
- Fair Access to Insurance Requirements (FAIR) Plan - Business ...
Fair Access to Insurance Requirements (FAIR) Plan definition: Guaranteed insurance coverage for businesses and individuals who live in high-risk areas.
- California FAIR Plan Insurance Code Section 10090
The purposes of this chapter are to do all of the following: (a) To assure stability in the property insurance market for property located in the State of California.
- What is Fair Access to Insurance Requirements (FAIR) Plan ...
Definition of Fair Access to Insurance Requirements (FAIR) Plan: A plan instituted by the federal government, similar to stop loss reinsurance. If a property owner ...
- REGULATION - CT.gov
Connecticut Fair Access to Insurance Requirements ("FAIR) Plan. Page 1 of 2 pages. SECTION 1. Section 38a-328-16 of the Regulations of Connecticut State ...
- Markets of Last Resort - Department of Insurance
The Kentucky Fair Access to Insurance Requirements (FAIR) Plan was established pursuant to KRS Chapter 304, Subtitle 35. It operates as an insurance ...
- AIA Says No Need for Maine Fair Plan
May 14, 2003 ... There is no need for the Maine State Legislature to create a Fair Access to Insurance Requirements (FAIR) plan, according to the American ...
- GIIS Helpful Links
Georgia's Fair Access to Insurance Requirements (FAIR) plan to make property insurance more readily available to those who had difficulty obtaining it because ...