- Any foreseeable risk of loss, except one caused by the insured's own misconduct or one of such nature that to insure it is prohibited by law or sound public policy. 29A Am J Rev ed Ins § 1133.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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insurable risk — ➔ risk1 * * * insurable risk UK US noun [C or U] INSURANCE ► a situation that an insurance company will protect you against because it is possible to calculate how likely it is to happen, how much damage it will cause, etc.: »Private insurance… … Financial and business terms
Insurable risk — An insurable risk is a risk that meets the ideal criteria for efficient insurance. The concept of insurable risk underlies nearly all insurance decisions.For a risk to be insurable, several things need to be true:* The insurer must be able to… … Wikipedia
insurable risk — static risk The possibility of suffering some form of loss or damage that can be described sufficiently accurately for a calculation to be made of the probability of its happening, on the basis of past records. Fire, theft, accident, etc. , are… … Big dictionary of business and management
insurable risk — Fin see risk … The ultimate business dictionary
non-insurable risk — ➔ risk1 … Financial and business terms
risk — speculative risk A possibility of financial loss (whether in absolute terms or relative to expectations) that is inseparable from the opportunity for financial gain. Some of the major categories are market risk, credit risk, liquidity risk, and… … Big dictionary of business and management
Risk Management Programme — Risk Management is a research programme set up by the Geneva Association, also known as the International Association for the Study of Insurance Economics. The focus of this programme is manifold and address the following issues: fostering the… … Wikipedia
risk — Gen Mgt the possibility of suffering damage or loss in the face of uncertainty about the outcome of actions, future events, or circumstances. Organizations are exposed to various types of risk including damage to property, injury to personnel,… … The ultimate business dictionary
insurable — /ɪnˈʃɔrəbəl/ (say in shawruhbuhl), / ˈʃʊə / (say shoouh ) adjective 1. capable of being insured, as against risk of loss or harm. 2. proper to be insured. –insurability /ɪnˌʃɔrəˈbɪləti/ (say in.shawruh biluhtee), noun … Australian English dictionary
insurable interest — An essential of a valid contract of insurance, being, in general, that which takes a contract out of the class of wagering policies; best defined in reference to the particular risk or thing insured. 29 Am J Rev ed Ins § 432. See interest or no… … Ballentine's law dictionary