Definitions for "Substandard Risk"
A risk that does not measure up to the company's underwriting requirements.
(All) A risk that is considered by the underwriter as not meeting normal underwriting standards (within their usual issue classes) because of health or vocational considerations. Many insurers avoid such risks while some specialize in them. Insureds may be rated to a substandard table (example: Table D), or charged a “flat extra” dollar amount.
a risk that would be given a favorable rate
Keywords:  assured, sum
Sum Assured