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What is the difference between assigned risk and non-standard auto programs? |
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Assigned risk is insurance issued by the state. I've never had the need to sell anyone an assigned risk policy in 3 yrs.
Answer
Assigned Risk auto insurance is insurance placed by the state. The agent submits the auto application to the state assigned risk plan. The state plan then assigns the application to a licensed insurance company for issue. The agent may or may not have a contractual relationship with the assigned carrier. Generally the assigned carrier is required to offer insurance for three years only.
Non-standard auto insurance is purchased from the agent or directly from the company. If purchased from an agent that agent has a contractual relationship to the company issuing the policy.
First answer by anonymous. Last edit by ID1087943285. Question popularity: 229 [recommend question]
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