Residual Market Plan

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What does Residual Market Plan mean? Read on to discover the definition & meaning of the term Residual Market Plan - to help you better understand the language used in insurance policies.

Residual Market Plan

Residual Market Plan

method devised for coverage of greater than average risk individuals who cannot obtain insurance through normal market channels.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Residual Market Plan. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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