What Does Residual Market Insurance Mean?

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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

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.

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