substandard risk definition

substandard risk

Insurance industry term for an individual considered below average or an impaired insurance risk due to his or her dangerous habits, health condition, family history of disease, hazardous occupation or hobby, and/or residence in unhealthy surroundings. Also called impaired risk.

substandard risk is in the Disaster Planning & Risk Management and General, Marine, & Life Insurance subjects.

substandard risk appears in the definition of the following term: impaired risk

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