What is the primary purpose of the North Carolina Market Assistance Plan?

The primary purpose of the North Carolina Market Assistance Plan is to provide insurance options to individuals who are struggling to find coverage in the standard insurance market. This initiative helps consumers connect with insurance companies that are willing to insure high-risk properties or individuals who have had difficulty obtaining coverage due to various factors.

The program serves as a resource for agents and consumers alike, facilitating a link to available insurance options that might not be easily accessible otherwise. By focusing on helping residents secure insurance, the Market Assistance Plan aims to ensure that more people can obtain the necessary property insurance, promoting a healthier insurance market in the state.

The other options, while related to the broader insurance landscape, do not directly align with the primary goal of the Market Assistance Plan. For example, setting rate levels pertains to regulatory roles that influence how much insurers can charge, rather than assisting with accessibility. Similarly, addressing claims issues is generally the responsibility of insurance companies rather than a market assistance initiative. Monitoring insurance providers relates more to regulatory oversight than directly aiding individuals in finding coverage. Thus, providing insurance options stands out as the main focus of this plan.