assessment insurance Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: assessment insurance

assessment insurance

contract under which an assessment insurance company can charge policyowners additional sums if the company's loss experience is worse than had been loaded for in the premium. This insurance is sometimes called stipulated premium and natural premium insurance.

See also assessment company , assessment period

assessment company
assessment period
assessment plan
mutual benefit association
nonassessable policy

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