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LSDefine

Simple English definitions for legal terms

assigned risk

Read a random definition: donatio inter virum et uxorem

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
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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