Automobile Insurance Plan
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Definition:
A state sponsored plan for individuals who are not able to obtain insurance under private companies. This coverage is usually very expensive and will have very limited coverage's.
Examples:
Tina has had 3 at-fault accidents in the past month. Since she is considered such a high risk, she has not been able to find an insurance company that will accept her. Finally she contacted her state commissioner and was able to get enough coverage to drive again.
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