MLchartDataset catalogue

Fair Access to Insurance Requirements Plans FAIR

Term · Insurance and risk management · MLC-T-INS-001450

State-mandated insurance programs designed to provide property insurance to individuals who cannot obtain coverage in the voluntary market. These plans serve properties that are considered high-risk due to their location, condition, or other factors. FAIR Plans act as an insurer of last resort, offering basic property coverage, often at higher premiums and with more limited scope than standard policies.

Table 1. Record
IdentifierMLC-T-INS-001450
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001450",
  "term": "Fair Access to Insurance Requirements Plans FAIR",
  "field": "Insurance and risk management",
  "definition": "State-mandated insurance programs designed to provide property insurance to individuals who cannot obtain coverage in the voluntary market. These plans serve properties that are considered high-risk due to their location, condition, or other factors. FAIR Plans act as an insurer of last resort, offering basic property coverage, often at higher premiums and with more limited scope than standard policies.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/fair-access-to-insurance-requirements-plans-fair/"
}

Record 1,318 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.