assigned risk

noun

Definition of assigned risk

: 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, in the meaning defined above

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Time Traveler for assigned risk

Time Traveler

The first known use of assigned risk was in 1940

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Cite this Entry

“Assigned risk.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/assigned%20risk. Accessed 13 Jun. 2021.

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More Definitions for assigned risk

assigned risk

noun

Legal Definition of assigned risk

: 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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