noninsurance
Noninsurance is the thoughtful and intentional abstention from the use of insurance to cover an exposure to loss; risk identification was thorough, the uninsured risks are known, and insurance has been considered.
noninsurance
Noninsurance is the thoughtful and intentional abstention from the use of insurance to cover an exposure to loss; risk identification was thorough, the uninsured risks are known, and insurance has been considered.
Additional Information
Uninsured losses are absorbed as a direct expense.
