insurability

insurability definition - business

insurability

The conditions under which an insurance company is willing and able to write a policy for coverage of a financial risk. For example, a person with a terminal illness does not meet the requirements for insurability for most health insurance providers.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.