Insurance Law 5301 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up ARTICLE 53 Motor Vehicle Insurance Assigned Risk Plans next SECTION 5302 Administration Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 5301 Participation in assigned risk plans Insurance (ISC) CHAPTER 28, ARTICLE 53 § 5301. Participation in assigned risk plans. (a) All insurers licensed to write motor vehicle insurance in this state shall subscribe to and participate in the reasonable plan or plans, approved, or which may be approved, by the superintendent after consultation with such insurers, for equitable apportionment among such insurers of applicants for such insurance who are in good faith entitled to but are unable to procure it through ordinary methods. (b) Amendments to the plan may be made by the committee designated to administer the plan, subject to the approval of the superintendent, or shall be made at the direction of the superintendent.