preferred risk

noun

Legal Definition of preferred risk

: 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

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Dictionary Entries Near preferred risk

preferment

preferred risk

preferred share

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Cite this Entry

“Preferred risk.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/preferred%20risk. Accessed 5 Dec. 2021.

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