insurance risk
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 312 U.S. 531 - Helvering v. Le Gierse · 1941Most cited · 453 citing opinions
Historically and commonly insurance involves risk-shifting and risk-distributing. That these elements of risk-shifting and risk-distributing are essential to a life insurance contract is agreed by courts and commentators.
United States Code
42 U.S.C. § 1395W — for purposes of this part
The term “insurance risk” means, with respect to a participating pharmacy, risk of the type commonly assumed only by insurers licensed by a State and does not include payment variations designed to reflect performance-based measures of activities within the control of the pharmacy, such as formulary compliance and generic drug substitution.