insurability

insurability definition - finance
The circumstances under which an insurance company is willing to insure a person or a company. Each com-pany rates the risks that it is willing to insure and determines the cost of the insurance. The higher the judged risk, the higher the premium, and vice versa for lower risks.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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