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LSDefine

Simple English definitions for legal terms

assigned risk

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A quick definition of assigned risk:

Assigned risk is a way for people who are considered too risky to get insurance to still be able to get coverage. If someone can't get insurance on their own, they can apply to their state's assigned risk "pool" and be assigned to an insurance company that has to accept them. This is usually for car or workers' compensation insurance. However, the rates for assigned risk plans are much higher than regular insurance, and they usually only cover the minimum required by law. People should try to fix whatever made them too risky for insurance companies and get regular insurance later. Reasons someone might need assigned risk insurance for their car include having too many traffic tickets or accidents, being inexperienced, having a poor insurance record or credit, or living in a high-crime area. Companies might need assigned risk insurance for workers' compensation if they are new, have a history of losses, or have hazardous operations.

A more thorough explanation:

Assigned risk is a way for people who are considered too high-risk to get insurance coverage. If someone can't get insurance through the normal way, they can apply to their state's assigned risk "pool." The state will then assign them to an insurance company within the pool, who must accept and insure them.

For example, if someone has a lot of traffic tickets or has been in multiple accidents, they might be denied car insurance through the normal way. They could then apply for assigned risk car insurance through their state's pool.

However, assigned risk insurance is usually more expensive than normal insurance and only offers limited coverage. It's important for people to try to improve their driving record or other factors that made them high-risk so they can eventually get insurance through the normal way.

Assigned risk is commonly used for car insurance and workers' compensation insurance. New or small companies might struggle to get workers' compensation insurance through the normal way, so they could apply for assigned risk insurance through their state's pool.

assign | assignee

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Dkk
20:16
Watch their youtube channel too
madollyy
20:23
Would an internship through CHCI help my application as well?
Dkk
20:29
@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.
snow
20:31
I agree with dk ^
madollyy
20:31
Got it, thank you. I don't think there is much I can do for my GPA now since I only have 1 semester left for ug but I definitely will be studying my butt off for the LSAT.
Dkk
20:32
Nice!
madollyy
20:32
I really appreciate your advice, guys <3 Wishing you luck on your endeavors!
JumpySubsequentDolphin
20:32
@madollyy: is that your CAS GPA?
madollyy
20:33
That's what's on my transcript! I haven't done that one yet tbh. I get mostly A's, some B's. Got dragged down a bit too much from one D in my first semester though ><
JumpySubsequentDolphin
20:34
do you have any A+’s? that could help your gpa!
JumpySubsequentDolphin
20:36
bc LSAC recalculates A+ to 4.3
madollyy
20:39
Noo :( Unfortunately. I'm surprised that I don't, there were definitely some classes that I remember scoring 98-100% but it doesn't show on my transcript
madollyy
20:41
Acutally
madollyy
20:41
My university does not list A+
JumpySubsequentDolphin
20:42
yeah my university’s the same way, so frustrating! still a great GPA and with a killer LSAT score you’ll be good to go :)
JumpySubsequentDolphin
20:42
if you have the means, I’ve heard private tutoring is the way to go
madollyy
20:44
Fingers crossed! I mean I'd be so so glad to go to law school period, but I am a bit of an overachiever. Dream is Berkeley rn, but I'm of course happy to go anywhere that lines up with my plans. And is kind enough with scholarships lol
madollyy
20:44
I'll have to see if my parents are willing to support that. I'm living on my own but ik if it'd help me they'd be willing to help
JumpySubsequentDolphin
20:47
who knows, you might not even need a tutor! Take a diagnostic and see where you stand :)
Dkk
21:03
@madollyy: yeah that happend to me too with my community college transcript. You can try calling to see if they can alter your transcript but like mine would not do it.
Dkk
21:04
Ask @babycat to tutor you @madollyy
cat food is expensive tho
21:09
I HOPW THAT ISNT REAL
@JumpySubsequentDolphin: I would push back on this. I think for the vast majority of people LSAT tutoring is unnecessary.
21:09
oh its from nov 12 phew
21:09
i was about to have a heart attack
21:09
at the berk decision lmao
@madollyy: I focus on bringing your GPA up as much as possible in the last semester because once you graduate you cannot change that. So don't study for the LSAT next semester if you think that would impair your ability to get straight A's. As for LSAT studying, I would recommend LSAT Demon (ik controversial), the Loophole, and Reading Comp Hero.
*I would focus
JumpySubsequentDolphin
21:11
@texaslawhopefully: oh I’m not sure hahaha im just basing off of my friend who got a tutor bc she was rly struggling and it seemed like it helped her!
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