A contractor who bought workers' compensation coverage through an assigned risk plan policy may be held liable for additional premiums – about 60 times more than he paid upfront – despite the absence of a written agreement with the insurance company, the Georgia Court of Appeals ruled.In Amtrust North America v. Smith, No. A11A1645, the court clarified that an independent insurance agent who submits an assigned risk policy application on behalf of a client is acting as an agent of that client, and that the risk pool's approval of an application binds the client to the terms...
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