Assessment Period

Assessment Period

In assessable insurance, the period of time during which the insurance company has the right to determine whether or not it should charge an additional premium. Assessable insurance is an insurance policy in which a premium is paid up front, but in which the insurer reserves the right to require another premium to be paid if losses resulting from claims exceed the amount the policyholder contributed in the initial premium. To protect the policyholder, this determination must be made during the assessment period.
References in periodicals archive ?
7% month over month, started the assessment period at $6.
Swedish consumers will shortly find sustainably sourced shrimps in stores as the fisheries operating at the Swedish west coast and outside the Norwegian coast recently obtained MSC certification following a 20 month long assessment period.
A senior officer from North Lanarkshire Council told the inquiry into the Glasgow tragedy - in which six people died - that they are considering reducing the assessment period.
As you can well imagine she was quite unsure of us during her assessment period but as time has gone by she has really settled in.
The program will give university graduates the opportunity to enlist in the army as officers provided that they meet the requirements during an assessment period of five years.
When the assessment period ends in July 2015, these restrictions will be lifted and benefits will be paid in full (including back-payments).
Notice under Section 27 of the Trustees Act 1925 Company: Avon Inflatables Limited Pension Scheme: Avon Inflatables Pension Scheme Notice is hereby given to all parties who are or were members of the Avon Inflatables Pension Scheme (the "Scheme") that the Scheme has entered an assessment period for admittance into the Pension Protection Fund ("PPF").
This assessment period is for discussing family issues, hormone therapy, psychotherapy, changes of name and gender reassignment surgery at the end of the period.
In addition to lengthened state statutes clouding the record keeping issue, the federal three-year assessment period is extended to six years if a taxpayer omits an amount that is more than 25 percent of the gross income reported on a tax return.
A spokesman for the Pension Protection Fund said: "The MG Rover Group Senior Pension Scheme is still in the PPF assessment period.
The chart, which is generated during the 72-hour assessment period that an old person undergoes when they enter long-term care facilities, is then used as an aid for their future care.
The winning vehicle was then selected by a highly-acclaimed judging panel - featuring the Middle East's most renowned automotive journalists - following a comprehensive seven-month assessment period.
Full browser ?