assessment companies

  • Companies selling to groups with similar interest such as church denominations or professional groups. Some assessment companies also sell directly to individuals of the general public. Such companies may or may not collect premiums; however, if funds are not sufficient to pay claims, then assessments may be made against members.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).