Assigned Risk

1. A driver of an automobile who is uninsurable (usually because of a poor driving record), but is required, by law, to have automobile insurance. States assign their uninsurable drivers to insurance companies, which must provide coverage (known as automobile assigned risk insurance), though the companies charge higher premiums.

2. In workers' compensation, a worker who performs labor considered so hazardous that an insurance company will not insure his place of employment. For example, a miner or an oil rig worker may be an assigned risk. As with automobiles, states assign their uninsurable workers to insurance companies, which must provide coverage, often at higher premiums.

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References in periodicals archive

"Procedurally, filing the Notice of Appeal is the only way to ensure that we obtain the Commission's analysis in setting the advisory base rates and assigned risk market rates," Kinietz noted.

NCCI Decides Not To Appeal Va. Decision On ARP Base Rates; SCC Explained Motivation

We assigned risk values from 1 to 5 corresponding to the delineation of the geological features and soil texture, as outlined in Jorgenson et al.

Thaw settlement hazard of permafrost related to climate warming in Alaska

Last year, Kingsway acquired the assigned risk business of the Robert Plan Corp.

Canadian auto insurer leasing 50,000 s/f space

"Other states that have gone to less regulated markets have seen their assigned risk plans shrink."

Insurer criteria proposed; Opening market on auto rates

For want of a better solution, the state of New Mexico runs an assigned risk pool, because on the market itself, CFRP's can't get private insurance.

Healthy Forests, Happy Potters: an innovative federal project in New Mexico is reducing wildfire danger by thinning trees as it fuels local creativity

This company had been told by SAIF's competitor that it would have to enroll in the high-cost assigned risk pool for two years in order to establish its credit rating before this private insurance company would provide insurance.

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