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What (who) is assigned risk - definition
assigned risk
n. a person whose official driving record (accidents and tickets) is so poor that he/she cannot purchase commercial auto insurance, and must be assigned to a state operated or designated insurance program at high rates.
Assigned risk
Assigned risk is a government-required method of providing insurance coverage to an individual by compelling insurance companies to service them when such companies would ordinarily not do so due to perceive risk of insuring the individual as a customer.
Systematic risk
VULNERABILITY TO SIGNIFICANT EVENTS WHICH AFFECT AGGREGATE OUTCOMES SUCH AS BROAD MARKET RETURNS, TOTAL ECONOMY-WIDE RESOURCE HOLDINGS, OR AGGREGATE INCOME
Aggregate risk; Unsystematic risk
In finance and economics, systematic risk (in economics often called aggregate risk or undiversifiable risk) is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income. In many contexts, events like earthquakes, epidemics and major weather catastrophes pose aggregate risks that affect not only the distribution but also the total amount of resources.
Wikipedia
Assigned risk
Assigned risk is a government-required method of providing insurance coverage to an individual by compelling insurance companies to service them when such companies would ordinarily not do so due to perceive risk of insuring the individual as a customer.
Examples of use of assigned risk
1. In a speech Thursday, Chertoff defended the program as a legal effort "to make sure that we don‘t inconvenience the rights of most travelers so that we can focus more sensibly and in a more risk–managed fashion on those people that do potentially pose a threat." The travel groups join some members of Congress and privacy advocates in criticizing the system, which The Associated Press disclosed last month has assigned risk assessments to millions of Americans and foreigners entering and leaving this country over the past four years.