What is NONASSESSABLE POLICY?

A policy with a set premium amount such that extra premiums cannot be added

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Related Legal Terms
NONASSESSABLE CAPITAL STOCK, STRAIGHT LIFE POLICY, PAID-UP POLICY, CASH VALUE LIFE INSURANCE POLICY, FULLY PAID POLICY, POLICY SUMMARY, POLICY DIVIDEND, MODIFIED LIFE POLICY, LAPSED POLICY, RETROSPECTIVELY RATED POLICY


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