nonhazardous
Barron's Insurance Dictionary:
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Nonhazardous
Describing a risk whose probability of loss is less than the norm or the standard expectation of loss for that underwriting classification.
| Nonforfeiture Reduced Paid-Up Benefit, Nonforfeiture Provision, Nonforfeiture Factor | |
| Noninsurance Transfer, Noninsured Driver, Noninvestment Grade Bonds |
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nonhazardous
IN BRIEF: Safe; Not dangerous or risky.
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Copyrights:
Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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