uninsurable

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uninsurable

Health insurance A high-risk person without health care coverage through private insurance who falls outside the parameters of risks of standard health underwriting practices. See Underwriting.
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In this context, what appears as uninsurability may, in fact, be nothing more than a reflection of strategic behavior emanating either from the supply side or the demand side, or both, as property insurers and real estate interests attempt to induce government aid.
Since the solutions to the uninsurability issue are so straight-forward and time-tested, one has to suspect the true main purpose of the alliance is to supervise price controls.
Should the client be unable to buy life insurance due to uninsurability or high premium costs, he or she might purchase a non-qualified deferred annuity from a licensed agent as an alternative, observes Ferris.
Punitive damages have a significant negative effect on insurance company losses, as does the uninsurability of punitive damages.
139) But besides detracting from the compensation and deterrence aims of environmental liability, Faure and Grimeaud believe caps are often unnecessary since "it is usually not the amount of the expected damage that causes uninsurability of risks, but more often the unpredictability of certain risks.
This source of uninsurability can stem from asymmetric information between insureds and insurers.
Therefore, insurers might fare better in court if they used a less disingenuous justification, that is, if they defended primarily on the basis of cost effectiveness, or even granting cost effectiveness, on the basis of uninsurability.