What is the Definition of Uninsurable Risk?
What is the Definition of Uninsurable Risk?
Risks that do not meet the criteria of an insurable risk. (See Insurable risk)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Uninsurable Risk?
You can find random definition and meaning of insurance terms below:
What is the meaning of Individual Annuities- Immediate Non-Variable
an annuity contract that provides for the fixed payment of the annuity at the end of the first interval of payment after purchase. The interval may vary, however the annuity payouts must begin within 13 months.
What is the meaning of Individual Annuities- Immediate Non-Variable and Variable
an annuity contract that provides an accumulation based on both (1) funds that accumulate based on a guaranteed crediting interest rates or additional interest rate applied to designated considerations, and (2) funds where the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. The contract provides for the initiation of payments at some interval that may vary, however the annuity payouts must begin within 13 months.
What is the meaning of Individual Health
health insurance where the policy is issued to an individual covering the individual and/or their dependents in the individual market. This includes conversions from group policies.
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