Assessment Company, Society or Insurer

An insurer who retains the right to assess policy holders additional amounts if premiums are insufficient for operations. In some cases, an assessment insurer may not charge a stipulated premium at all but will merely assess participants in the plan a pro rata share of each claim filed plus expenses

See Also: Assigned Risk; Ambiguity; All-Risks Insurance; Agent's Appointment; Agent; Adhesion; Accommodation Line; Accidental Means; Accident Frequency;

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