Meaning Assessable Policy
What does Assessable Policy mean? Here you find 3 meanings of the word Assessable Policy. You can also add a definition of Assessable Policy yourself
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Assessable PolicyAssessable policy is an insurance policy in which an insurer can return back to the policyholder and can make them liable to pay the additional funds required to cover losses that fall beyond the rese [..]
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Assessable PolicyA policy that comes with an assessment provision. Mutual insurance companies used to offer these policies as a way of collecting more premium in the future if the coverages that they offered turned ou [..]
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Assessable PolicyAn insurance policy that allows insurers to return to policyholders (as a group) for additional funds to cover losses of the group greater than anticipated. Usually only utilized in mutual insurance companies and captive/self-insurance plans.
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