Replies to post #34369 on Politics and Money

[fuagf]

shermann, 1 minute's effort, to check a guess ..

Assigned risk means a driver of a motor vehicle, or a class of such drivers, who would be denied insurance coverage by insurance companies, but are required to be covered under U.S. state law. The term assigned risk is also used in Workers' compensation law.

Motor vehicle insurance

The state government, usually the Department of Motor Vehicles, assigns the risky motorists to automobile insurance companies.

http://en.wikipedia.org/wiki/Assigned_risk

[GEO928]

sherm...good question...I was never in it and I no longer live in the state....so, i posted a link if you wish to take the time to wade thru it.....

http://njpaip.com/

from what i recall......NJ has a point system....get 12 points in 3 years and your license gets revoked.....

then, when it comes time to have it reinstated....what a hassle obtaining insurance!!!

you may also have a hassle or get dropped because of accidents....

since the state MANDATES insurance for all drivers and "OKs" the rates charged thru a political/bureaucratic system, the auto ins carriers...although private companies...IMO can be considered "quasi-government" agencies....

soooooo......they must insure crappy drivers....and the assigned risk pool has a methodology for distributing "bad drivers" among the carriers..........