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States responded by establishing Fair Access to Insurance Requirements plans, sometimes called assigned-risk pools or FAIR plans, to serve people unable to purchase property insurance in the voluntary market because of excessive risk that may be beyond their control.
Only a dozen or so of these plans, called Fair Access to Insurance Requirements, or FAIR plans, offer homeowners coverage.
Using her leverage in business and politics, Procope spearheaded the creation of the Fair Access to Insurance Requirements Plan in 1968.
Federal Emergency Management Agency (FEMA) and modeling wildfire loss potential for the Fair Access to Insurance Requirements (FAIR)," said Mr.
After October 1968, this reinsurance was made available only to companies that fully participated in plans to provide urban property owners fair access to insurance requirements, called FAIR plans.
The FAIR, or Fair Access to Insurance Requirements, plan began with a handful of customers who couldn't get conventional policies and now covers about 236,000 people with some $13.