in auto insurance, a class of persons to whom insurancecompanieswill not voluntarily issue policies (usually because their record [of prior accidents] has made them a high risk), and who therefore are assigned [by state law] to insurancecompanies (thereby required to pay higher rates]. Many states have FINANCIAL RESPONSIBILITY LAWS that prohibit such persons from driving unless adequate insurance has been obtained.
Congratulations! You're now Froogled Up™ on what "Assigned Risk" means!
Feel free to use it throughout your financial/insurance life.
