[Answer] What is the risk classification for those who are insurable but have a higher than average risk?

Answer: substandard

Most relevant text from all around the web:

What is the risk classification for those who are insurable but have a higher than average risk? Insurance Risk Class: A group of individuals or companies that have similar characteristics which is used to determine the risk associated with underwriting a new policy and the premium that ... Classification of Risks. Risk classification refers to the determination of whether a risk is preferred standard or substandard based on the underwriting or risk evaluation process. Standard risks are those who bear the same health habit and occupational characteristics as the persons on whose lives the mortality table used was compiled. Insurers must minimize adverse selection which is defined as the tendency for poorer than average risks to seek out insurance. For example a person who takes 12 prescriptions is a poor risk. If an insurer cannot compensate poor risks with better than average risks then its loss experience will increase and its ability to pay claims may be compr...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment