What is the definition of Assessable insurance? | Dictionary.net

ASSESSABLE INSURANCE

\ɐsˈɛsəbə͡l ɪnʃˈʊ͡əɹəns], \ɐsˈɛsəbə‍l ɪnʃˈʊ‍əɹəns], \ɐ_s_ˈɛ_s_ə_b_əl ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of ASSESSABLE INSURANCE

1910 - Black's Law Dictionary (2nd edition)

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Insurance when a premium rate that uses possible future rate hikes to have a higher payment. AKA assessment insurance.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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