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BOSTON PLAN Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A plan where insurers agree that they will not reject property coverage on residential buildings in a slum area. Insurers agree to accept the coverage until there has been an inspection and the owner has had an opportunity to correct any faults. Boston was the first city to originate such a plan. Other cities have followed, including New York, Oakland, Cleveland and Buffalo.

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