insurable risk
Definition
Eventuality for loss or damage that is (1) definable, (2) fortuitous, (3) similar to a large number of known exposures, and (4) pays a premium that is commensurate with the potential loss. See also uninsurable risk.
insurable risk is in the Disaster Planning & Risk Management and General, Marine, & Life Insurance subjects.
insurable risk appears in the definitions of the following terms: uninsurable risk, risk transfer and political risk
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