What does Residual Market Insurance mean? Read on to discover the definition & meaning of the term Residual Market Insurance - to help you better understand the language used in insurance policies.
Residual Market Insurance
Insurance that is not ordinarily available from private insurers and may be provided by the government; examples include flood insurance, which is provided by the federal government, and Workers compensation benefits, which may be provided by state funds.
We hope the you have a better understanding of the meaning of Residual Market Insurance.