natural premium plan
- A form of insurance, also called the "assessment plan" wherein the insurance company limited its assessments or premiums to such a sum as was necessary to cover the actual cost of insurance from one renewal period to another. Westerman v Supreme Lodge, Knights of Pythias, 196 Mo 670, 94 SW 470.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
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