assessment company Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: assessment company

assessment company

insurance company that has the authority to assess or charge its policyholders for losses that the company is incurring. This company is sometimes called stipulated premium company or assessment association. These companies were relatively common in the 1800s and early 1900s but have since become rare. Most insurance companies cannot assess policyholders for losses.

assessable insurance
assessment insurance
assessment period
assessment plan
mutual benefit association
nonassessable mutual

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