Assessment Association Definition:
An insurer who does not receive a fixed premium for insurance, but instead reviews it regularly to pay for his losses to his members. Assessment Insurers usually charge an estimated initial premium to cover losses and expenses, but reserve the right to provide an additional assessment if the calculated premium is insufficient.
You can define Assessment Association as, The insurance company is entitled to receive additional premium from the policyholder in case the payment premium exceeds the initial premium paid by the policyholder. They are also known as appraisal companies.
Literal Meanings of Assessment Association
Meanings of Assessment:
Testing or evaluation of someone's nature, quality or performance or something.
Sentences of Assessment
Determining educational needs
Synonyms of Assessment
gauging, opinion, judgement, appraisal, estimation, evaluation, rating, analysis
Meanings of Association:
A group of people (usually by name) are organized with a common goal.
Cooperative bonds or bonds between people or organizations.
The mental relationship between ideas or things.
Sentences of Association
National Broadcasters Association
Established close ties with the university
The word bureaucracy has uncomfortable associations
Synonyms of Association
union, consortium, connection, confederation, partnership, guild, alliance, coalition, link, bond, league, cooperative, interrelation, interconnection, confederacy, corporation, amalgamation, relationship, merger, interdependence, tie, relation