What is the purpose of the Market Assistance Plan (MAPS)?

The Market Assistance Plan (MAPS) primarily aims to assist small businesses in obtaining insurance coverage. This program serves as a crucial resource for those who might struggle to find necessary insurance in the standard market due to various factors, such as high risk or unique operational characteristics. By connecting these businesses with insurers willing to cover their risks, MAPS fosters a more inclusive insurance market and helps ensure that coverage is available even to those that may be considered higher risk.

While financial support, regulation of rates and forms, or auditing financial conditions of insurers are essential functions in the overall insurance landscape, they are not the primary objectives of MAPS. This program specifically targets the challenge of accessibility to insurance for small businesses, addressing a critical need within the marketplace.