Other State Insurance Programs
· Unemployment insurance protections to ensure that eligible workers have some unemployment insurance protection.
· Compulsory Auto liability insurance before registering an automobile to those insureds who cannot avail the same from private insurers due to various reasons such as poor driving record, etc., As a result, all the fifty states and District of Columbia have implemented automobile insurance plans through a residual market system to make auto liability insurance available to nearly every licensed driver.
· Fair Access to Insurance Requirements (FAIR) - These plans make property insurance more readily available to property owners who have exposure to loss over which they have no control. Therefore, eligible property includes property in urban areas as well as property exposed to bush fires, for example.
Insurance Guaranty Fund
A Guaranty Fund is a state fund that provides a system to pay the claims of insolvent insurers. Generally, the money in guarantee funds comes from assessments collected from all insurers licensed in the state.
Who Provides Insurance
