What is ASSESSMENT ASSOCIATION? Definition of ASSESSMENT ASSOCIATION in Black's Law Dictionary
This term, as defined by the Nebraska insurance laws, does not include an insurance company which requires the payment of a fixed premium in advance and provides benefits not in any degree dependent upon the collection of assessments from other members, and which does not provide for the levying of extra assessments, if necessary. Western Life & Accident Co. of Colorado v. State Ins. Board of Nebraska, 101 Neb. 152, 162 N.W. 530.
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That's the definition of ASSESSMENT ASSOCIATION in Black's Law Dictionary - Courtesy of Cekhukum.com.
