Noninsurance Risk

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Noninsurance Risk

The risk of loss from not having an insurance policy. For example, if one does not purchase health insurance, one carries the noninsurance risk that an injury will leave one unable to pay one's medical bills.
References in periodicals archive ?
However, the Fed also takes the view that capital standards must consider both insurance and noninsurance risks and, to the extent possible, risks across the entire holding company system.
Insurance information loses much of its relevance in an environment where the more significant exposures faced by organizations are noninsurance risks.