FAIR Plan membership is comprised of which entities?

FAIR Plan membership is comprised of which entities?

• A. Companies, other than stock companies, writing property insurance in the state
• B. Stock companies only
• C. Mutual insurance companies only
• D. Government agencies

Answer: (D)

FAIR Plan membership consists of private insurers licensed to write property insurance in the state. It brings together the companies that actually participate in providing property coverage, including both stock and mutual insurers. Government agencies do not serve as members. The plan exists to ensure access to basic property insurance when the voluntary market won’t provide it, and its strength comes from the participating insurers, not from government entities.

FAIR Plan membership consists of private insurers licensed to write property insurance in the state. It brings together the companies that actually participate in providing property coverage, including both stock and mutual insurers. Government agencies do not serve as members. The plan exists to ensure access to basic property insurance when the voluntary market won’t provide it, and its strength comes from the participating insurers, not from government entities.