|
[M028]
market assistance program A plan originated in Connecticut with the product liability crisis
of 1975 to assist in the finding of available insurance through
local committees of companies and producers. Recommended at that
time by NAIC Advisory Committee and used later in a number of
states for municipal liability insurance, day care centers, liquor
liability risks, and more recently for commercial general liability
insurance. Not considered a cure for limited availability of insurance,
the plan(s) eased and reduced the impact.
|