What is the name of the plan that assigns high-risk drivers to auto insurers based on their market share?

The correct choice reflects the concept known as an "automobile insurance plan." This term typically refers to a system where high-risk drivers, who may have difficulty obtaining auto insurance in the standard market, are assigned to insurance companies. The assignment is done based on the insurer's market share, ensuring that the burden of these high-risk policies is spread among various insurance providers in a fair manner. This process helps maintain the stability of the insurance market by ensuring that these drivers can still obtain the necessary coverage, while also preventing any single insurer from becoming overwhelmed by high-risk cases.

In many states, including Colorado, such plans are designed to serve individuals who may be denied coverage elsewhere due to their driving history or other high-risk factors. This system seeks to improve accessibility to auto insurance and promote responsible driving behaviors by providing necessary coverage to those higher-risk drivers.