Can any broker-agent licensed to transact auto insurance in California submit applications to the California Automobile Assigned Risk Plan?

The statement that any broker-agent licensed to transact auto insurance in California can submit applications to the California Automobile Assigned Risk Plan is correct. The California Automobile Assigned Risk Plan (CAARP) is designed to provide auto insurance coverage to individuals who may have difficulty obtaining it through the standard market due to high risk factors.

In this plan, the participation is open to any licensed broker-agent who is authorized to sell auto insurance in California. This ensures that all licensed agents, regardless of their stature or the size of their firm, have the opportunity to submit applications, thereby promoting inclusivity in the market and accessibility for consumers needing coverage.

There are no restrictions based on firm size or specific agent designations, which distinguishes this option as the correct assertion regarding the CAARP. The plan's structure aims to facilitate coverage for drivers who otherwise would not qualify for standard auto insurance, serving an important role in the broader auto insurance ecosystem in California.