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assigned risk

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assigned risk

 
Use assigned risk in a Sentence
–noun Insurance.
a risk that, under state law, is assigned to an insurer from a pool of insurers who would not otherwise accept it.
Origin:
1945–50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To assigned risk
Assigned Risk
Find Low Cost Auto Insurance. One Quick Form. Multiple Offers.
www.InsuranceDesk.com
Assigned Risk
Find Lowest Auto Insurance Rates In Just 60 Seconds. Save Hundreds Now!
www.AutoQuoteWizard.com
as·signed risk   (ə-sīnd')
n.  A poor risk that an insurance company is compelled to cover under state laws.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: assigned risk
Function: noun
: a poor risk (as an accident-prone driver) that insurance companies would normally reject but are forced to insure by state law
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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