Assigned risk plan (AR)

{
  "id": "MLC-T-INS-000457",
  "term": "Assigned risk plan (AR)",
  "field": "Insurance and risk management",
  "definition": "A state-administered program that provides insurance coverage to individuals or businesses unable to obtain it in the voluntary market. Insurers doing business in the state are required to accept a share of these high-risk applicants, with the number of assigned risks proportional to their market share. These assigned risk (AR) plans are most prevalent in auto insurance, providing a last-resort option for drivers with poor records to meet mandatory liability insurance laws.",
  "abbreviation": "AR",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/assigned-risk-plan-ar/"
}