Alan has been involved in three accidents and has been ticketed for a

Alan has been involved in three accidents and has been ticketed for a number of driving violations. He tried to purchase auto insurance, but three insurers refused to sell him coverage.

The generic name for state plans designed to insure drivers like Alan is the
A) exchange market.
B) residual market.
C) voluntary market.
D) excess market.

ANSWER

Answer: B