A policy under which a first premium is assessed and a second premium may be assessed later if the insurance company's losses exceed their premium income.
Related information about assessable insurance:
- Assessable Insurance: Definition from Answers.com
Assessable Insurance Coverage in which an initial premium is charged, with the stipulation that an additional premium can be charged later if the loss.
- Assessable Insurance - Financial Dictionary - The Free Dictionary
An insurance policy in which a premium is paid up front, but in which the insurer reserves the right to require another premium to be paid if losses resulting from ...
- Assessable Insurance Law & Legal Definition
Assessable insurance is a form of life or property insurance policy in which the insured is liable for additional premiums if the loss exceed premium income.
- The Pitfalls of Assessability | The Doctors Company
An assessable insurance policy means that the insurer can “assess” its policyholders for capital in addition to premiums. This can leave a physician in the ...
- assessable insurance
assessable insurance. A type of insurance which may require the policyholder to contribute in the event the insurer becomes unable to pay its losses. Confined ...
- What Is Non-Assessable Mutual Insurance? | eHow.com
Assessable insurance is an unique feature of mutual insurance companies. A standard insurance company is controlled by investors. The insurance company ...
- What is ASSESSABLE INSURANCE? - The Law Dictionary
Definition of ASSESSABLE INSURANCE: Insurance when a premium rate that uses possible future rate hikes to have a higher payment. AKA assessment ...
- What is assessable insurance? definition and meaning
Definition of assessable insurance: A policy under which a first premium is assessed and a second premium may be assessed later if the insurance company's ...