P&CPennsylvaniamedium
A small Pennsylvania employer is declined WC coverage in the voluntary market. Through which mechanism, administered by the PCRB, can the employer obtain coverage?
The PA WC Assigned Risk Plan (Coal Mine and General Pools) administered through PCRB
BThe PA FAIR Plan
CPPIGA's residual pool, which handles claims of insolvent insurers rather than providing a market for declined WC risks
DThe MCARE Fund
Why this is the answer
Pennsylvania employers who cannot secure workers' compensation in the voluntary market access coverage through the PA WC Assigned Risk Plan administered by the PCRB. Servicing carriers are assigned by the Bureau, and rates are typically higher than voluntary market rates. The FAIR Plan is for property, PPIGA pays insolvent insurer claims, and MCARE handles excess medical malpractice.
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