Sentences with phrase «share of high risk drivers»

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.

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.

Indeed, if a company wants to do ANY auto insurance business in the state, it must agree to cover a share of the high risk drivers.

The program is an agreement among all the licenced auto insurance companies in Indiana to accept a share of high risk drivers that matches their share of the total auto insurance market in the state.

Not exact matches

Sharing the road with distracted drivers or drivers under the influence puts you at an even higher risk of injury.

Based on a cost study by Value Penguin, and complaint ratios (the ratio of an insurer's market share of closed complaints compared to its market share of premiums), here are the top three insurance companies for high - risk drivers:

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

James Bond, your local deep sea welder, Wonder Woman, Formula 1 race car drivers, horse jockeys, police officers, and active military personnel share a common characteristic: they're perfect examples of people with professions that life insurance underwriters classify as high - risk jobs.

The Plan seeks to maximize the number of insured drivers on the road, while sharing the costs of covering high risk motorists among all the auto insurers in the state.

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.

All insurance companies involved in the OAIP, share the risk of insuring high - risk drivers.

All auto insurers in the state are required to participate in the plan, in order to share the costs of insuring high risk drivers equitably.

Every insurance company authorized to sell auto insurance in Illinois must accept an annual quota of high risk drivers from the ILAIP based on their market share.

Through this type of plan, the risk of covering a «high - risk driver» is shared amongst all participating car insurance companies.