Neil G. McDonald Ltd.
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
Woodbridge, Ontario L4L 4G9
Phone |
Fax|
Hours
Mon-Fri 9-4:30 EST
TEST
TEST
TEST
1. To undertake or promise. In insurance, a company or an underwriter "assumes" a risk when he agrees to insure it. That is when insurance attaches.
2. Common usage pertains to acceptance of a risk by a reinsurer from an insurer.
