assumption of risk


Also found in: Legal, Financial, Wikipedia.

as·sump·tion of risk

(ă-sŭmpshŭn risk)
A defense against negligence in the law of torts; notional acceptance of the hazard or danger associated with an activity by accepting, following, or otherwise doing or attempting such activities.

assumption of risk

A doctrine of law whereby the plaintiff assumes the risk of medical treatment or procedures and may not recover damages for injuries sustained as a result of the known and described dangers and risks.

assumption of risk,

n the voluntary acceptance of the potential hazards associated with a particular form of treatment by a patient.
References in periodicals archive ?
The promise of PHOs as managed care contracting vehicles is likely to remain unfulfilled unless state law evolves to permit the assumption of risk by these organizations both in the HMO and the non-HMO payer contexts.
Assumption of risk is no longer a valid rule of law.
This absolutely challenges the fundamental assumption of risk assessment that once you start increasing dose you always see an increase in response," says vom Saal.
This market refers to alternative risk-financing products, which--unlike traditional insurance policies--involve some assumption of risk by the insured.
Second, while Standard & Poor's believes that PLIC has managed its investments well, the company has in some segments of its asset portfolio been relatively aggressive in its assumption of risks.