What does assessment company mean?

assessment company meaning in Law Dictionary

In life insurance coverage. An organization in which a death loss is fulfilled by levying an evaluation on the enduring mem- wagers associated with organization. Mutual Ren. L. Ins. Co. v. Marye. 85 Va. 643, 8 S. E. 4S1.

assessment company meaning in Business Dictionary

An insurer just who may charge guaranteed parties additional if the premiums currently compensated are not adequate to protect their particular working prices.