Automobile Reinsurance Facility

An insurance plan for drivers who otherwise would not be able to obtain automobile insurance. Each state in the U.S. requires insurers to offer an automobile reinsurance facility, at a higher premium. States assign their uninsurable driver to an insurance company, which must provide coverage. This helps people who, by law, must obtain automobile insurance, but are unable to do so because of a poor driving record or for some other reason. Critics contend that it drives up premiums for all policyholders. It is also called the automobile shared market or automatic assigned risk insurance.

单词	automobile reinsurance facility
释义	Automobile Reinsurance Facility Automobile Reinsurance Facility An insurance plan for drivers who otherwise would not be able to obtain automobile insurance. Each state in the U.S. requires insurers to offer an automobile reinsurance facility, at a higher premium. States assign their uninsurable driver to an insurance company, which must provide coverage. This helps people who, by law, must obtain automobile insurance, but are unable to do so because of a poor driving record or for some other reason. Critics contend that it drives up premiums for all policyholders. It is also called the automobile shared market or automatic assigned risk insurance.
随便看	levin, harry levin, konstantine levin, leonid levin, leonid mendelevich levin, maksim levin, maksim grigorevich levin, max levinson, daniel jacob levinson, evgenii levinson, evgenii adolfovich levinson-lessing, frants levinson-lessing, frants iulevich levin tube levin tube catheter leviné, eugen evgenii lev iosifovich petrazhitskii levi, primo levi-provencal, evariste levir levirate levirate marriage levirates leviratic leviratical leviration