What Does Assessment Company Mean?

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What does Assessment Company mean? Read on to discover the definition & meaning of the term Assessment Company - to help you better understand the language used in insurance policies.

Assessment Company

Assessment Company

An insurer retaining the right to assess additional charges above initial premium when those premiums are shown to be inadequate to cover the costs of operation. This is usually a mutual or reciprocal type of insurer.

We hope the you have a better understanding of the meaning of Assessment Company.

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