Assessment Company


Definition of "Assessment company"

Bevin Cetta Boisvert  real estate agent
Bevin Cetta Boisvert , Real Estate Agent Roy Wheeler Realty Co.

Insurance company that has the authority to assess or charge its policyholders for losses that the company is incurring. This company is sometimes called stipulated premium company or assessment association. These companies were relatively common in the 1800s and early 1900s but have since become rare. Most insurance companies cannot assess policyholders for losses.

 

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