Frank Purchased a Building in a Run-Down Area of a City.When

Multiple Choice

Frank purchased a building in a run-down area of a city.When Frank was unable to obtain property insurance in the voluntary insurance market,an agent suggested that he contact a state pool created in the 1960s that makes property insurance available in riot-prone areas.The state pool the agent referred to is called a(n)

A) unsatisfied judgment fund.
B) FAIR plan.
C) guaranty fund plan.
D) assigned risk plan.