Membership in the FAIR Plan is voluntary, not statutory. The FAIR Plan currently has over 300 member insurers. The FAIR Plan is organized as a syndicate and elects to file income tax returns as a partnership. As such, for tax purposes, each member is considered a partner. The business of the FAIR Plan is managed by a Governing Committee representing various segments of property insurers. FAIR Plan operations must be in accordance with their governing documents: By-laws and Plan of Operation.
For additional information see the list of Frequently Asked Questions (FAQ’s).