Assigned Risk
(redirected from Assigned Risks)Also found in: Dictionary, Medical, Financial.
Assigned Risk
A danger or hazard of loss or injury that an insurer will not normally accept for coverage under a policy issued by the insurer, but that the insurance company is required by state law to offer protection against by participating in a pool of insurers who are also compelled to provide coverage.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
assigned risk
n. a person whose official driving record (accidents and tickets) is so poor that he/she cannot purchase commercial auto insurance, and must be assigned to a state operated or designated insurance program at high rates.
Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.