FAIR plan operations are described as which of the following?

FAIR plan operations are described as which of the following?

• A. Servicing carriers provide underwriting, service, and settle claims for a percentage of premium; servicing carrier: staff of the FAIR plan, or a contracted insurer; insurers share risk in proportion to market share.
• B. The FAIR plan operates as a mutual aid society with no formal underwriting.
• C. Underwriting decisions are made solely by state regulators.
• D. All claims are settled directly by insured property owners.

Answer: (D)