EXCESS RISK definition
EXCESS RISK means the increase in the risk of both cancer and genetic damage as well as non-cancer related health damage above existing background levels. Units of excess risk for cancer will be reported as a probability of occurrence. For pollutants not characterized as cancer causing, ambient levels sufficiently low to establish no observable adverse effects on public health
EXCESS RISK means all or any portion of an insurance risk or contract of annuity for which application is made to an agent and which exceeds the amount of insurance or annuity which will be provided by the insurer for which such agent is licensed.