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      "text": "Underwriting Criteria: Property residual market plans are generally not “take all comers”. Many will not offer coverage to properties that are vacant or subject to extreme risk.",
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      "text": "Sources of Capital: Policy premiums. Assessments to insurance carriers (based on market share). Some plans purchase reinsurance to enhance capacity.",
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      "text": "Participation and Cost Allocation: Typically, carriers are assessed based on market share, sometimes adjusted for credits from depopulation programs. Some states allow industry assessments to be passed on to policyholders.",
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      "text": "Governing Committees: Residual market plans generally have Governing Committees that typically include representation from insurance carriers, agents, and state regulators.",
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      "text": "Composition of Residual Market Plan: Residential / Commercial / Both? Combined or Separate Plans?",
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      "text": "Product Offering: Consider the market being served. Strive for a product suitable for high-risk property-owners without taking unreasonable risk, competing with the voluntary market, or requiring a large subsidy. Explore high deductibles.",
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      "text": "Source: Discussion with PIPSO, PIPSO publications, carrier surveys. © Oliver Wyman",
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