assigned risk

noun

Definition of assigned risk

  1. :  a poor risk (such as an accident-prone motorist) that insurance companies would normally reject but are forced to insure by state law

First Known Use of assigned risk

1940


Law Dictionary

assigned risk

noun

Legal Definition of assigned risk

  1. :  a poor risk (as an accident-prone driver) that insurance companies would normally reject but are forced to insure by state law

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