nonassessable
Nonassessable refers to an insurance policy under which the insurer (e.g., a stock company) does not have the right to assess policyholders for additional amounts to make up shortfalls in the cost of operating the company.
nonassessable
Nonassessable refers to an insurance policy under which the insurer (e.g., a stock company) does not have the right to assess policyholders for additional amounts to make up shortfalls in the cost of operating the company.
Additional Information
Such a policy is the opposite of one issued by an assessment company.
