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e Insurance Glossary - Directory of Insurance Terms
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Variable Annuity (Insurance Terms)

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Glossary Results (click on a term)
Assessment Association: An
insurer that does not charge a fixed
premium for
insurance, but rather assesses its members periodically to pay its
losses.
Assessment insurers usually collect an advance premium which is estimated to
cover losses and expenses, but reserve the right to make additional assessments
whenever the premium collected is insufficient.
Assessment Mutual:
Mutual insurance company that has the
right to assess policyowners for
losses
and expenses.
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