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

Recent Examples on the Web
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In the end, experts assigned risk estimates to different experiments, applying safety guidelines accordingly. Michelle Cheng, Quartz, 3 May 2023

Word History

First Known Use

1940, in the meaning defined above

Time Traveler
The first known use of assigned risk was in 1940

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 15 Nov. 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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