preferred risk

noun

: an insured that an insurer deems has a lower than average chance of loss and that usually may pay a lower premium
because of the past accidents, he was not a preferred risk

Dictionary Entries Near preferred risk

Cite this Entry

“Preferred risk.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/preferred%20risk. Accessed 17 Jun. 2024.

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