(stock insurance company)
1stock insurance company — An insurance company organized and operating as a private business corporation rather than as a mutual insurance company or mutual benefit society. An incorporated insurance company in which the initial capital investment is made by subscribers… …
2stock insurance company — An insurance company owned by a group of stockholders, who are not necessarily policyholders. Bloomberg Financial Dictionary …
3stock insurance company — noun : an insurance company with capital contributed by stockholders who control its operations and reap any profits or sustain any losses which may result therefrom and with policies that are ordinarily nonparticipating and always nonassessable …
4joint-stock insurance company — See stock insurance company …
5joint-stock insurance company — See stock insurance company …
6insurance company — A company engaged in the business of making contracts by which it agrees to indemnify the other parties thereto from a loss or damage which they may suffer from a specified peril. Strictly construed, an insurance company regularly incorporated… …
7mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …
8mutual insurance company — Type of insurance company in which there is no capital stock and in which the policy holders are the sole owners. Christiansen v. National Savings and Trust Company, C.A.D.C., 683 F.2d 520, 526. A cooperative enterprise in which members are both… …
9mutual insurance company — A cooperative enterprise wherein the members constitute both insurer and insured, where the members all contribute, by a system of premiums or assessments, to the creation of a fund from which all losses and liabilities are paid, and wherein the… …
10Capital Stock Insurance Companies — A capital stock insurance company is a company that gets its capital from contributions from its stockholders in addition to its surplus accounts and reserve accounts. In other words, a capital stock insurance company is one that gets a majority… …
