assigned risk - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “assigned risk”

assigned risk

noun [C]
 
 
US
INSURANCE a person who is refused insurance because of their previous record and must buy insurance from particular insurance companies who can charge them more money: assigned risk insurance/plan State insurance regulations require property and casualty insurers to participate in assigned risk plans to provide high-risk cases with basic insurance coverage.
(Definition of assigned risk from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of assigned risk?
Add Cambridge dictionaries to your browser to your website

Word of the Day

Morse code

a system used for sending messages, in which letters and numbers are represented by short and long marks, sounds, or flashes of light

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Cannabidiol oil that comes from industrial hemp plants, which is what is infused into our e-juice, is 100 per cent legal.

Read More