Assessment Insurance Law and Legal Definition
Assessment insurance is a contract under which an assessment insurance company can charge policy owners additional sums if the company's loss is worse than had been loaded for in the premium. It is a contract by which payments to insured are not unalterably fixed, but dependent on collection of assessments necessary to pay amounts insured. Assessment insurance is sometimes called as stipulated premium and natural premium insurance.
Legal Definition list
Related Legal Terms
- Abatement of Tax Assessment
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
