assessment insurance

noun

Definition of assessment insurance

: insurance providing for the payment of claims in whole or in part from the proceeds of assessments levied upon the members of an association for that purpose

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Cite this Entry

“Assessment insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/assessment%20insurance. Accessed 26 Oct. 2021.

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