Assigned Risk Plan

Business, Legal & Accounting Glossary

Definition: Assigned Risk Plan


Assigned Risk Plan


Full Definition of Assigned Risk Plan


Type of auto insurance plan that gives the ability to obtain insurance from a pool of insurers to individuals that have previously been denied insurance coverage based on risk factors. All licensed insurers must participate in this type of plan and are allowed to determine their own rates. Individuals cannot be denied for this type of plan and the fees are usually much higher than regular auto insurance plans.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/assigned-risk-plan/
Modern Language Association (MLA):
Assigned Risk Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/assigned-risk-plan/.
Chicago Manual of Style (CMS):
Assigned Risk Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/assigned-risk-plan/ (accessed: December 04, 2021).
American Psychological Association (APA):
Assigned Risk Plan. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/assigned-risk-plan/

Definition Sources


Definitions for Assigned Risk Plan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.