What Does Assume Mean?

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

Assume

Assume

(1) To reinsure all or part of another insurer's risk. (2) A risk management technique involving the retention of risk (e.g., self-insurance).

We hope the you have a better understanding of the meaning of Assume.

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