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Written Responses:Unless otherwise indicated, there is a 200 word minimum response required.Credible reference materials, including your course textbook(s), may be used to complete the assessment.If you have questions regarding the credibility of your reference, please contact your professor.APA InformationIn-text and reference citations are required for all written responses.REQUIRED FOR UPLOADED ASSIGNMENTS ONLY:    title page, margins, header, double spacing, and hanging indentationFor questions concerning APA formatting, please refer to the APA Guidelines found at the Student Resources link on your Course Menu.1.What is a FAIR plan? How does it work? If underwriting losses of FAIR plans are passed on to other insureds, is this mandated subsidization? Explain your conclusions.