Sentences with phrase «of the high risk drivers assigned»

So for example, if Farmers Auto Insurance has 14 % of the total auto insurance market in Oklahoma, then Farmers must cover 14 % of the high risk drivers assigned through the OK AIP.

Not exact matches

Failure to maintain coverage can lead to higher prices for new policies, placement in the «assigned risk» pool, suspension or revocation of your driver's license or registration and additional fines and penalties.

The SD AIP is essentially an organization that assigns high risk drivers to existing insurers based on the market share of those insurance companies.

So for example, if GEICO has 12 % of South Dakota's total auto insurance market, then GIECO will be assigned 12 % of the high risk drivers by the South Dakota AIP.

Premiums for auto insurance assigned through the SD AIP are higher than average, mostly because of the higher loss ratios associated with insuring high risk drivers.

So, for example, if Farmers Union has 10 % of the total auto insurance market in Montana, then Farmers Union will be assigned to cover 10 % of the high risk drivers in Montana.

One of the new rules implemented at that time said that when a high risk driver is assigned through the MAIP, the Assigned Risk Company must compare the voluntary rates they would charge you to the MAIP rates that you would get, and must offer you the cheaper rrisk driver is assigned through the MAIP, the Assigned Risk Company must compare the voluntary rates they would charge you to the MAIP rates that you would get, and must offer you the cheapassigned through the MAIP, the Assigned Risk Company must compare the voluntary rates they would charge you to the MAIP rates that you would get, and must offer you the cheapAssigned Risk Company must compare the voluntary rates they would charge you to the MAIP rates that you would get, and must offer you the cheaper rRisk Company must compare the voluntary rates they would charge you to the MAIP rates that you would get, and must offer you the cheaper rate.

Because insurers must accept all risks - preferred or high - risk - assigned through the MT AIP, the AIP is a mechanism by which the auto insurers share the losses generated by high risk drivers, so no one insurer bears the brunt of losses.

So if for example, GIECO covers 5 % of all Vermont drivers, then GEICO will be assigned 5 % of the high risk drivers in the state.

The deal is that if an insurer wants to do ANY auto insurance business in Vermont, then that insurer must agree to cover a share of high risk drivers when they are assigned.

ARAIP - PAIP - CAIP - AIP high risk or Assigned Risk Auto Insurance markets consists of licensed drivers commomly referred to as needing bad driving record auto insurance who are unable to purchase auto insurance through the Voluntary Market due to a variety of factors, such as their driving history, accident history or status as a first time dririsk or Assigned Risk Auto Insurance markets consists of licensed drivers commomly referred to as needing bad driving record auto insurance who are unable to purchase auto insurance through the Voluntary Market due to a variety of factors, such as their driving history, accident history or status as a first time driRisk Auto Insurance markets consists of licensed drivers commomly referred to as needing bad driving record auto insurance who are unable to purchase auto insurance through the Voluntary Market due to a variety of factors, such as their driving history, accident history or status as a first time driver.

The Rhode Island AIP calculates each insurer's market share in Rhode Island, and assigns an equivalent share of high risk drivers to respective insurers.

In order to sell any auto insurance policies in the state of Utah, the auto insurance companies must agree to cover assigned high risk drivers.