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 Insurance
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 | Assessment Period (insurance term) |
| Nonassessable Policy (insurance term) |
| Stipulated Premium Insurance (insurance term) |
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 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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