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assigned risk
noun
: a poor risk (such as an accident-prone motorist) that insurance companies would normally reject but are forced to insure by state law
Examples of assigned risk in a Sentence
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In the end, experts assigned risk estimates to different experiments, applying safety guidelines accordingly.
—Michelle Cheng, Quartz, 3 May 2023
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Word History
First Known Use
1940, in the meaning defined above
Dictionary Entries Near assigned risk
Cite this Entry
“Assigned risk.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/assigned%20risk. Accessed 21 Dec. 2024.
Legal Definition
assigned risk
noun
: a poor risk (as an accident-prone driver) that insurance companies would normally reject but are forced to insure by state law
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