fair plans

  • An association authorized by state law and formed by insurance companies to provide a mechanism for providing insurance to those who are unable to obtain it elsewhere. FAIR plans exist in most states.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).