/ Dictionary / Index A assigned risk: Meaning and Definition of Find definitions for: assigned' risk' Pronunciation: [key] — Insurance. Insurance. a risk that, under state law, is assigned to an insurer from a pool of insurers who would not otherwise accept it. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. assigned counsel assignee Related Content Daily Word Quiz: cautious Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language