SEARCH THE BUSINESS GLOSSARY
insurance company that is owned by stockholders, as distinguished from a mutual company that is owned by policyholders . Even in a stock company, however, policyholders interests are ahead of shareholder's dividends.
business owned by stockholders, as contrasted to a mutual insurance company , which is owned by its policyholders. Many major life insurers are mutual companies whereas some leading property/casualty and multiline insurers are stock insurance companies.See also demutualization (stocking a mutual)
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.